The Role of Consumption in Interwar Fluctuations

H. W. Richardson

Chapter 4 in British Economic Fluctuations, 1790–1939, 1972, pp 161-187 from Palgrave Macmillan

Abstract: Abstract I have chosen to comment on economic fluctuations in Britain between the wars not by a sweeping survey of the period as a whole but by reprinting a more detailed investigation of the behaviour of consumption in the depression and recovery of the 1930s. A virtue of this approach is that it throws light on one of the most puzzling of the many paradoxes in the interwar economy, namely, the paradox of unemployment rising from 1.54. to 2.85 million in the depression and real consumption spending remaining unaffected. Careful explanation of paradoxes of this kind is necessary if the economic character of the interwar period is to be comprehended.

Keywords: Monetary Policy; Disposable Income; Real Income; Consumer Durable; Building Society (search for similar items in EconPapers)
Date: 1972
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-15463-0_5

Ordering information: This item can be ordered from
http://www.palgrave.com/9781349154630

DOI: 10.1007/978-1-349-15463-0_5

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().