Historical Examination of the Golden Age of Full Employment in Western Europe

Ajt Singh

MPRA Paper from University Library of Munich, Germany

Abstract: The main purpose of this paper is to review the lessons of the “Golden Age” with respect to establishing and maintaining full employment in advanced countries. The golden age, generally regarded as spanning 1950-1973 was a unique period in West European economic history. During this period of about 25 years following the end of the Second World War, the West European economies expanded at the unprecedented rate of 5 per cent per annum, nearly twice the rate recorded during any previous phase, and more than twice the average rate of growth from 1820 to 1950.

Keywords: Golden; age; of; employment:; Economic; history (search for similar items in EconPapers)
JEL-codes: A1 B23 (search for similar items in EconPapers)
Date: 2008
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Citations: View citations in EconPapers (1)

Published in Missing Links in the Unemployment Relationship, Arestis, P and McCombie, J (eds) (2009): pp. 51-71

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:24304

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