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Historical Examination of the Golden Age of Full Employment in Western Europe

Author

Listed:
  • Singh, Ajt

Abstract

The main purpose of this paper is to review the lessons of the “Golden Age” with respect to establishing and maintaining full employment in advanced countries. The golden age, generally regarded as spanning 1950-1973 was a unique period in West European economic history. During this period of about 25 years following the end of the Second World War, the West European economies expanded at the unprecedented rate of 5 per cent per annum, nearly twice the rate recorded during any previous phase, and more than twice the average rate of growth from 1820 to 1950.

Suggested Citation

  • Singh, Ajt, 2008. "Historical Examination of the Golden Age of Full Employment in Western Europe," MPRA Paper 24304, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:24304
    as

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    File URL: https://mpra.ub.uni-muenchen.de/24304/1/MPRA_paper_24304.pdf
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    References listed on IDEAS

    as
    1. Singh, Ajit., 2007. "Globalisation, industrial revolutions in India and China and labour markets in advanced countries : implications for national and international economic policy," ILO Working Papers 993979343402676, International Labour Organization.
    2. Glyn, A. & Hughes, A. & Lipietz, A. & Singh, A., 1988. "The Rise And Fall Of The Golden Age," Cambridge Working Papers in Economics 884, Faculty of Economics, University of Cambridge.
    3. C Freeman, 1989. "New Technology and Catching Up," The European Journal of Development Research, Palgrave Macmillan;European Association of Development Research and Training Institutes (EADI), vol. 1(1), pages 85-99, June.
    4. Olivier Blanchard, 2004. "The Economic Future of Europe," Journal of Economic Perspectives, American Economic Association, vol. 18(4), pages 3-26, Fall.
    5. Crafts, Nicholas, 1996. "Endogenous Growth: Lessons for and from Economic History," CEPR Discussion Papers 1333, C.E.P.R. Discussion Papers.
    6. Chris Freeman & Luc Soete, 1997. "The Economics of Industrial Innovation, 3rd Edition," MIT Press Books, The MIT Press, edition 3, volume 1, number 0262061953, January.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    Golden age of employment: Economic history;

    JEL classification:

    • A1 - General Economics and Teaching - - General Economics
    • B23 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Econometrics; Quantitative and Mathematical Studies

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