Historical Examination of the Golden Age of Full Employment in Western Europe
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.
|Date of creation:||2008|
|Date of revision:|
|Publication status:||Published in Missing Links in the Unemployment Relationship, Arestis, P and McCombie, J (eds) (2009): pp. 51-71|
|Contact details of provider:|| Postal: Ludwigstraße 33, D-80539 Munich, Germany|
Web page: https://mpra.ub.uni-muenchen.de
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