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BUSINESS HISTORY REVIEW Britain and the Economic Problem of the ...

Source: www.hbs.edu
Topic: Economic History

Sort Desciption: This book addresses a topic that has been much debated in British economic history. circles though less so in recent times: was there a link between the ...

Content Inside: BUSINESS HISTORY REVIEW BOOK REVIEW Britain and the Economic Problem of the Cold War: The Political Economy and the Economic Impact of the British Defence Effort 19451955. By Till Geiger. Aldershot: Ashgate 2004. xiii + 357 pp. Index notes bibliography figures. Cloth $99.95. ISBN: 0- 754-60287-7. Reviewed by Peter Howlett This book addresses a topic that has been much debated in British economic history circles though less so in recent times: was there a link between the relatively slow growth of postwar Britain and its relatively high defense expenditure? The answer provided by Till Geiger is that the large defence effort hampered postwar recovery slightly but did not precipitate the relative economic decline of the British economy in the post-war period (p. 325). The subtitle of the book locates its main themes and period: The Political Economy and the Economic Impact of the British Defence Effort 19451955. Thus the key political and economic issues relate to the immediate postwar adjustment the onset of the cold war and the Korean War. Although the title suggests 1955 as the end point a more logical cut-off point offered by Geiger is 1957 as until then the most important influence on British defense policy was the experience of the Second World War. This he argues meant that for example the policy-making community did not necessarily take account of the advances in weapons technology and the nuclear revolution (p. 55). The 1957 Defence White Paper changed this culture by embracing a military posture based on national deterrent and collective defence arrangements in western Europe (p. 46). In terms of historiography Geigers key text is British Economic Policy since the War by Andrew Shonfield (1958) although concerns about policy technology and economic growth means that he also engages with more modern historians and economic historians such as Corelli Barnett David Edgerton Alan Milward Jim Tomlinson and Nick Crafts. Of course ending in 1955 ...

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