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UK economy : a manual of applied economics

By: Material type: TextTextPublication details: London; Weidenfeld and Nicolson; 1972Edition: 4th edDescription: 279 pISBN:
  • 79799634
Subject(s): DDC classification:
  • 330.9 UKE 4th ed.
Summary: The central idea behind this book is to give an account of the main features and problems of the UK economy today. The hope is that it will fulfil two functions simultaneously, in that it will be as up to date as possible and yet will not be simply a bare catalogue of facts and figures. There are many sources of informa tion, official and otherwise, about the structure and progress of the UK economy. There are also many authors to whom one can turn for subtle analyses of the problems before us. Our effort here is based on the belief that there is both room and need for an attempt to combine the functions of chronicler and analyst in the confines of a single book. The contributors to these pages subscribe rather firmly to the belief that economists should practise, as well as preach, the principle of the division of labour. The complexity of a modern economy is such that, whether one likes it or not, it is no longer possible for any single individual to be authoritative on all its aspects; so it is inevitable that the burden of producing a work of this kind should be spread among a number of people, each specialist in his or her partic ular field. Such a division carries with it the obvious dangers of overlap and in consistency. It is hoped that some of the worst pitfalls of this kind have been avoided and there is a reasonable unity of purpose, treatment and layout. At the same time, it was wholly undesirable to impose a monolithic structure and it is just as apparent to the authors that there are differences in outlook and emphasis among them as it will be to the readers. The general intention was to base exposition on the assumption that the reader would have some elementary knowledge of economics-say, a student in the latter part of a typical first year course in economics in a British university. At the same time, it is hoped that most of the text will be intelligible to those without this degree of expertise. We may not have succeeded in this; if not, we shall try to do better in future."
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The central idea behind this book is to give an account of the main features and problems of the UK economy today. The hope is that it will fulfil two functions simultaneously, in that it will be as up to date as possible and yet will not be simply a bare catalogue of facts and figures. There are many sources of informa tion, official and otherwise, about the structure and progress of the UK economy. There are also many authors to whom one can turn for subtle analyses of the problems before us. Our effort here is based on the belief that there is both room and need for an attempt to combine the functions of chronicler and analyst in the confines of a single book.

The contributors to these pages subscribe rather firmly to the belief that economists should practise, as well as preach, the principle of the division of labour. The complexity of a modern economy is such that, whether one likes it or not, it is no longer possible for any single individual to be authoritative on all its aspects; so it is inevitable that the burden of producing a work of this kind should be spread among a number of people, each specialist in his or her partic ular field. Such a division carries with it the obvious dangers of overlap and in consistency. It is hoped that some of the worst pitfalls of this kind have been avoided and there is a reasonable unity of purpose, treatment and layout. At the same time, it was wholly undesirable to impose a monolithic structure and it is just as apparent to the authors that there are differences in outlook and emphasis among them as it will be to the readers.

The general intention was to base exposition on the assumption that the reader would have some elementary knowledge of economics-say, a student in the latter part of a typical first year course in economics in a British university. At the same time, it is hoped that most of the text will be intelligible to those without this degree of expertise. We may not have succeeded in this; if not, we shall try to do better in future."

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