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w17: Inter-war economy and policy /2547

week 17 –The inter-war economy: Britain’s retreat from globalisation – lecture handout  / figures 1

Primary reading

Backhouse, R (2002), The Penguin History of Economics, London: Penguin books [ch10]

* Crafts, N and Fearon, P (2010), Lessons from the 1930s Great Depression, Oxford Review of Economic Policy, Volume 26, Number 3, pp. 285–317

* De Bromhead, A et al (2017), When Britain turned inward: protection and the shift towards empire in interwar Britain, NBER Working Paper 23164, Feb

Kitson, M (2012), End of an Epoch: Britain’s Withdrawal from the Gold Standard, Judge Business School, University of Cambridge, June

Madsen, JB (2001), Trade barriers and the collapse of world trade during the Great Depression, Southern Economic Journal, v67 (i4), pp848-868

* Middleton, R (2014), Economic policy and management, in Floud, R, Humphries, J and Johnson, J (eds), The Cambridge Economic History of Modern Britain vol 2 1870 to the present, Cambridge: CUP [pp476-505]

Mitchell, J, Solomou, S and Weale, M (2012), Monthly GDP Estimates for Inter-War Britain, Explorations in Economic History, v49, i4, October, pp543-556 [authors’ pre-publication version – 2011]

* O’Rourke, KH (2012), From Empire to Europe: Britain in the world economy, University of Oxford discussion papers in Economic and Social History, no. 106, Oct [essentially the same as the chapter below and accessible if you do not have the book]

O’Rourke, KH (2014), From Empire to Europe: Britain in the world economy, in Floud, R, Humphries, J and Johnson, J (eds), The Cambridge Economic History of Modern Britain vol 2 1870 to the present, Cambridge: CUP [pp60-94]

* O’Rourke, KH (2017), Two great trade collapses: The interwar period & great recession compared, NBER, Working Paper No. 23825, Sept

* Schenk CR (2014), Sterling and monetary policy, 1870-2010, in Floud, R, Humphries, J and Johnson, J (eds), The Cambridge Economic History of Modern Britain vol 2 1870 to the present, Cambridge: CUP [pp448-475]

Stewart, M (1981), Keynes and after, London: Pelican books

Titcomb, J (2015), How the Bank of England abandoned the gold standard, The Telegraph, Jan 7th