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British Economic Growth 1856-1973 – The Post-War Period in Historical Perspective - Oxford Scholarship Online
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British Economic Growth 1856-1973: The Post-War Period in Historical Perspective

R. C. O. Matthews, C. H. Feinstein, and J. Odling-Smee


The subject of this book is the course and causes of British economic growth from the middle of the nineteenth century until 1973. The approach is quantitative in that it is heavily statistical while being well grounded in economic theory. Special emphasis is placed on growth in the period since World War II in comparison with growth in earlier periods. The pattern of growth was U‐shaped: it declined from above 2% a year in the mid‐nineteenth century to zero during World War I and rose again to nearly 3% in the post‐World War II period. The superior performance of the post‐war period is accoun ... More

Keywords: 1856–1973, capital, causes of growth, economic history, growth, labour, output growth, total factor productivity, United Kingdom

Bibliographic Information

Print publication date: 1982 Print ISBN-13: 9780198284536
Published to Oxford Scholarship Online: November 2003 DOI:10.1093/0198284535.001.0001


Affiliations are at time of print publication.

R. C. O. Matthews, author
Cambridge University

C. H. Feinstein, author
York University
Author Webpage

J. Odling-Smee, author
International Monetary Fund, Washington
Author Webpage

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Part One The Method, the Problems, and the Profile

Part Two The Proximate Sources of Growth in the Economy as a Whole

Part Three Growth and Its Proximate Sources in the Principal Sectors of the Economy

Part Four Further Consideration of Some of the Forces Affecting the Rate of Growth

Part Five An Overall View