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The Way to Economic Growth

In: Tackling Britain’s False Economy

Author

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  • John Mills

Abstract

The history of British economic policy for most of the last hundred years and more is one of continuous inability to produce as fast a growing economy as practically everywhere else. There has been a chronic failure to find the keys to better economic performance. In particular, no accepted body of economic theory exists which identifies the critical conditions required to accomplish the three main objectives. The first is to achieve whatever economic growth rate is deemed desirable. The second is to secure and then maintain full employment. The third is to combine growth and full employment with acceptable levels of inflation. The next three chapters deal in turn with these three critical issues.

Suggested Citation

  • John Mills, 1997. "The Way to Economic Growth," Palgrave Macmillan Books, in: Tackling Britain’s False Economy, chapter 4, pages 71-99, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-37215-3_4
    DOI: 10.1057/9780230372153_4
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