Michael Dintenfass provides a challenging account of Britain's economic performance since 1870. He combines a succinct, clearly-written survey of recent scholarly work in British economic and business history with an original interpretive alternative to the institutionalized accounts of Britain's relative decline. Dintenfass addresses both specifically economic questions and socio-historical questions to place Britain's economic history in its broadest context.

Judgments about Britain's economic performance are constantly being made, often based on inadequate evidence. In this paper, Professor Nicholas Crafts, one of Britain's leading economic historians, assembles the evidence, places recent performance in a long run context and makes informed judgements about whether Britain is suffering from absolute or relative decline. His book is a mine of information about economic trends since the 1870s, giving details of the GDP, productivity, investment, educational attainment, taxation and other statistics which are relevant if proper assessments of economic performance are to be made. One of his conclusions is that the economic reforms which began with the Thatcher governments, and which have broadly been continued under New Labour, have made a difference, avoiding some of the 'government failures' of earlier years. How managers respond to the revolution in information and communications technology is now a key factor in determining Britain's future performance.

This book was first published in 1981.

"For a hundred years, Britain's decline as a great power has gone hand in hand with the relative decline of the British economy. Andrew Gamble's much acclaimed book provides a historical account of Britain's rise and fall and a succinct introduction to the main explanations of decline and political strategies for reversing it. The fourth edition has been updated throughout and a new concluding chapter assesses the state of debate and of the British economy after the Thatcher decade."--