List of figures vii
List of tables viii
Preface xi
part one
one The post-war situation 3
two The years of recovery: an overview 17
three The machinery of government 47
part two
four External economic policy: the background 61
five The American loan 88
six The convertibility crisis of 1947 121
seven Devaluation, 1949 165
eight Rearmament, 1950–1 212
nine Robot, 1952 234
ten Britain and Europe 272
part three
eleven The planned economy 299
twelve Direct controls 333
thirteen The coal crisis 354
fourteen Manpower and the labour market 385
fifteen Fiscal policy, demand management and inflation 409
sixteen Monetary policy 427
seventeen Capital investment 446
eighteen Nationalization 463
part four
nineteen Conclusions 499
Select bibliography 510
Index 519
Biography
Alec Cairncross
