Abstract
S ince the mid-ig8os there has been a major resurgence in the economics profession both of theoretical and of empirical research on economic growth. In this article I shall explore the implications of these new ideas for our understanding of the extraordinarily rapid European growth of the early post-Second World War period and, more briefly, of Britain's relative slow growth rate. At the same time I wish to suggest that economists may have something to learn from the economic history of these years and that more serious study of this episode might modify some of their research findings.
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