Progress and the Fiscal Problem - Softcover

Thomas Kirkup

 
9781330568484: Progress and the Fiscal Problem

Synopsis

This book explores the emergence of the Fiscal Problem in Britain following decades of Free Trade and economic dominance, and the drastic shifts required to remain competitive against resurgent industrial powers in Germany and the United States. The author, an esteemed economist with unique insight into international economic history, provides an invaluable comparison of the industrial realities and economic strengths of Britain, Germany, and America at the turn of the 20th Century. He examines the factors that fueled Germany and the United States' rapid rise to prominence and dominance in the manufacturing sector, and sets them against the historical development of Britain's economy. Economic policy and industrial progress are deeply intertwined, and this text maintains that economics and politics are inseparable from a nation's true wellbeing. With compelling evidence, the author argues against excessive government intervention in industry, while advocating for a balanced approach that nurtures domestic industry without stifling innovation. The insights presented in this book are indispensable reading for economists, policymakers, and historians alike, and provide a vital lens through which to view the continued evolution of international competition in the 21st century.

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