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Aggregate demand

In: Can We Get Back to Full Employment?

Author

Listed:
  • Maurice Scott
  • Robert A. Laslett

Abstract

Writing in 1968, Matthews (September 1968) asked ‘Why has Britain had full employment since the war?’ He pointed out that, in the inter-war period, unemployment (measured on a comparable basis) averaged about 10 1/2 per cent, while before 1914, according to the best (but uncertain) estimates available, it averaged about 4 1/2 per cent. The post-war average of 1.7 per cent was therefore unusually low by historical standards.

Suggested Citation

  • Maurice Scott & Robert A. Laslett, 1978. "Aggregate demand," Palgrave Macmillan Books, in: Can We Get Back to Full Employment?, chapter 3, pages 19-22, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-16020-4_3
    DOI: 10.1007/978-1-349-16020-4_3
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