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

  • Singh, Ajt

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.

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File URL: http://mpra.ub.uni-muenchen.de/24304/1/MPRA_paper_24304.pdf
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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 24304.

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Date of creation: 2008
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Handle: RePEc:pra:mprapa:24304
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  1. Olivier Blanchard, 2004. "The Economic Future of Europe," Journal of Economic Perspectives, American Economic Association, vol. 18(4), pages 3-26, Fall.
  2. Crafts, Nicholas, 1996. "Endogenous Growth: Lessons for and from Economic History," CEPR Discussion Papers 1333, C.E.P.R. Discussion Papers.
  3. 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.
  4. 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 397934, International Labour Organization.
  5. Chris Freeman & Luc Soete, 1997. "The Economics of Industrial Innovation, 3rd Edition," MIT Press Books, The MIT Press, edition 3, volume 1, number 0262061953, June.
  6. C Freeman, 1989. "New Technology and Catching Up," The European Journal of Development Research, Palgrave Macmillan, vol. 1(1), pages 85-99, June.
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