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Real Wages and Unemployment in the 1930s: A Reply

Published online by Cambridge University Press:  26 March 2020

Michael Beenstock
Michael Beenstock*
Affiliation:
City University Business School
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Extract

In January 1984 the Bank of England Panel of Academic Consultants held a meeting to discuss the economic recovery in Britain in the early 1930s. The proceedings were published in Panel Paper no. 23. There were two main papers, one by David Worswick and the other by myself, Forrest Capie and Brian Griffiths (BCG). Our main contribution was to argue that the recession was largely triggered on the supply side rather than the demand side.

Type
Articles
Information
National Institute Economic Review , Volume 119 , February 1987 , pp. 76 - 78
Copyright
Copyright © 1987 National Institute of Economic and Social Research

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References

Beenstock, M. and Warburton, P., ‘Wages and unemployment in interwar Britain’, Explorations in Economic History, July 1986.CrossRefGoogle Scholar
Capie, F. and Webber, A., A Monetary History of the United Kingdom, George Allen and Unwin, 1985.Google Scholar
Chapman, A. and Knight, R., Wages and Salaries in the United Kingdom, 1920-1938, Cambridge University Press, 1953.Google Scholar