A new edition of the leading textbook on the economic history of Britain since industrialization. Combining the expertise of more than thirty leading historians and economists, Volume 2 tracks the development of the British economy from late nineteenth-century global dominance to its early twenty-first century position as a mid-sized player in an integrated European economy. Each chapter provides a clear guide to the major controversies in the field and students are shown how to connect historical evidence with economic theory and how to apply quantitative methods. The chapters re-examine issues of Britain's relative economic growth and decline over the 'long' twentieth century, setting the British experience within an international context, and benchmark its performance against that of its European and global competitors. Suggestions for further reading are also provided in each chapter, to help students engage thoroughly with the topics being discussed.

The most up-to-date and comprehensive survey of recent British economic history currently available.

Martin Daunton provides a clear and balanced view of the continuities and changes that occurred in the economic history of Britain from the Great Exhibition of 1851 to the Festival of Britain in 1951.In 1851, Britain was the dominant economic power in an increasingly global economy. The First World War marked a turning point, as globalization went into reverse and Britain shifted to 'insular capitalism'.Rather than emphasising the decline of the British economy, this book stresses modernity and the growth of new patterns of consumption in areas such as the service sector and the leisure industry.

Revisionist analysis