{"title":"Imagining Economic Growth in Post-War Britain.","authors":"Jim Tomlinson","doi":"10.1093/tcbh/hwad049","DOIUrl":null,"url":null,"abstract":"<p><p>This article contends that common representations of the history of the British economy and economic policy in the 'Golden Age' period (circa 1950-73) as a story of 'failure' rely overwhelmingly on one measure, that of Gross Domestic Product (GDP) growth. Drawing on the foundational criticisms of this metric made by Simon Kuznets, it is argued that, for this period of British economic history, shortfalls in measured GDP growth in comparison with other rich countries are a very poor measure of changes in economic well-being in the UK. If we follow this argument and discard the belief that one metric can summarize trends in such well-being, the notion of 'failure' in this period should be set aside in favour of a more nuanced, multidimensional assessment.</p>","PeriodicalId":46051,"journal":{"name":"Twentieth Century British History","volume":null,"pages":null},"PeriodicalIF":1.1000,"publicationDate":"2023-11-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Twentieth Century British History","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1093/tcbh/hwad049","RegionNum":1,"RegionCategory":"历史学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"HISTORY","Score":null,"Total":0}
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Abstract
This article contends that common representations of the history of the British economy and economic policy in the 'Golden Age' period (circa 1950-73) as a story of 'failure' rely overwhelmingly on one measure, that of Gross Domestic Product (GDP) growth. Drawing on the foundational criticisms of this metric made by Simon Kuznets, it is argued that, for this period of British economic history, shortfalls in measured GDP growth in comparison with other rich countries are a very poor measure of changes in economic well-being in the UK. If we follow this argument and discard the belief that one metric can summarize trends in such well-being, the notion of 'failure' in this period should be set aside in favour of a more nuanced, multidimensional assessment.
期刊介绍：
Twentieth Century British History covers the variety of British history in the twentieth century in all its aspects. It links the many different and specialized branches of historical scholarship with work in political science and related disciplines. The journal seeks to transcend traditional disciplinary boundaries, in order to foster the study of patterns of change and continuity across the twentieth century. The editors are committed to publishing work that examines the British experience within a comparative context, whether European or Anglo-American.
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