Book
Golden Age of Capitalism

Reinterpreting the Postwar Experience

For some twenty years after the Second World War, Keynesian economic policies in countries of the capitalist West were successful in generating rapid growth with high employment. This `golden age of capitalism' did not survive the economic traumas of the 1970s; nor has the more recent emphasis on monetarist policies and supply-side performance succeeded in regenerating comparable growth rates. Blending historical analysis with economic theory, this book seeks to understand the making and unmaking of this `golden age', questions the basis of much present policy-making, and suggests alternative directions for policy.

Table of contents
  1. 1. Lessons of the Golden Age: An Overview
    Stephen A. Marglin
  2. 2. The Rise and Fall of the Golden Age
    Andrew Glyn, Alan Hughes, Alan Lipietz and Ajit Singh
    More Working Paper | The Rise and Fall of the Golden Age
  3. 3. Macropolicy in the Rise and Fall of the Golden Age
    Gerald Epstein and Juliet B. Schor
    More Working Paper | Macropolicy in the Rise and Fall of the Golden Age
  4. 4. Profit Squeeze and Keynesian Theory
    Stephen A. Marglin and Amit Bhaduri
    More Working Paper | Profit Squeeze and Keynesian Theory
  5. 5. A Wage-led Employment Regime: Income Distribution, Labour Discipline, and Aggregate Demand in Welfare Capitalism
    Samuel Bowles and Robert Boyer
  6. 6. The Diversity of Unemployment Experience Since 1973
    Robert Rowthorn and Andrew Glyn
    More Working Paper | The Diversity of Unemployment Experience Since 1973
  7. 7. A New Paradigm of Work Organization and Co-ordination: Lessons from Japanese Experience
    Masahiko Aoki
    More Working Paper | A New Paradigm of Work Organization
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