This week I will be writing a brief and potted Economic history of Modern Britain.
- Economics of the 1920s - a legacy of war debt, deflation and life under the gold standard
- Economics of the Great Depression 1930s - the economics of mass unemployment.
- Economics of the 1940s and 1950s - Austerity, rationing, war debt, but full employment, new welfare state and rising living standards.
- 1960s - The 'You've never had it so good era' starts to unwind.
- 1970s - The Era of Discontent. Strikes, 3 day weeks, inflation, boom and bust. The 70s had everything except stability
- 1980s - The Thatcher era gave us two deep recessions, an experiment with monetarism mass unemployment, broke the power of trades and one of the most memorable booms of post war Britain.
- 1990s - Recession and then the great stability
- The economics of the 2000s