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List of Figures | ||||||
List of Tables | ||||||
List of Conventions and Symbols | ||||||
List of Abbreviations | ||||||
Preface | ||||||
Acknowledgements | ||||||
1 | Introduction | 1 | ||||
1.1 Envisioning economic performance | 3 | |||||
1.2 A basic toolkit for analysing economic policy and performance | 10 | |||||
1.3 Why do economies grow? | 15 | |||||
1.4 What can governments do to manage the economy? | 18 | |||||
1.5 Summary and interim conclusions | 21 | |||||
2 | Economic Performance since 1945 | 25 | ||||
2.1 Macroeconomic performance and growth accounting | 26 | |||||
2.2 Economic trends | 35 | |||||
2.3 Explaining economic underperformance: a British disease? | 57 | |||||
2.4 Summary and interim conclusions | 65 | |||||
3 | Economic Policies since 1945 | 67 | ||||
3.1 Politics and policy since 1945 | 68 | |||||
3.2 The public sector since 1945 | 74 | |||||
3.3 The institutions and practice of economic policy-making | 82 | |||||
3.4 The phases of economic policy | 85 | |||||
3.5 Summary and interim conclusions | 98 | |||||
4 | Policy Effectiveness since 1945 | 100 | ||||
4.1 Macroeconomic policies | 102 | |||||
4.2 Microeconomic policies | 117 | |||||
4.3 Summary and interim conclusions | 132 | |||||
5 | Conclusions | 136 | ||||
App I | Glossary | 139 | ||||
App II | Key Economic Statistics | 145 | ||||
App III | Using and Interpreting Economic Statistics | 153 | ||||
Notes | 171 | |||||
Guide to Further Reading | 189 | |||||
Index | 191 |
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