Dr Max Schulze, C515 and Mr Dudley Baines, C522

For MSc Economic History, MSc Economic History (Research), MSc Accounting, Organisations and Institutions and LSE-Sciences Po Double Degree in Development Economics and Economic History. Students taking other master’s degrees may be admitted, space and timetable permitting, and with the approval of their department and the course teachers. This includes MPA Public and Economic Policy/MPA Public Policy and Management/MPA International Development/MPA European Public and Economic Policy students.

The economic role of the state before the First World War. Reconstruction after World War I and World War II. Exchange rate and monetary policy, 1900-1990. Crisis management 1931 and 1973. Macro policy in the depression of the early 1930s. The relation of economic theory and policy, 1930s-1990s. Trade and protection, multilateralism versus bilateralism, 1900-1990. The state and resource allocation in wartime. Comparative regional policy since 1945. Economic consequences of welfare policies. Policy responses to demographic change. Did the European economies converge? Labour mobility, formal and informal labour markets.

The course examines the changing role of the state in the development of the European economies using a long run perspective. It will focus on problems of economic management both in peacetime and wartime; policy constraints in both closed and open economies; processes of economic growth, convergence and integration; welfare and regional policies and the policy implications of the growth of global markets.

20 seminars or lectures of two-hours each in the MT and LT. There will be pre-circulated papers for the seminars.

A minimum of three essays and one class presentation.

F B Tipton & R Aldrich, An Economic and Social History of Europe, 2 vols (1890-1939; From 1939 to the present) (1987); L A Craig & D Fisher, The Integration of the European Economy, 1850-1913 (1997); G Hardach, The First World War (1987); D Winch, Economics and Policy. A Historical Study (1969); C P Kindleberger, A Financial History of Western Europe (1984); W R Garside (Ed), Capitalism in Crisis. International Responses to the Great Depression (1992); W Nurkse & W A Brown, International Currency Experience. Lessons of the Inter-War Period, League of Nations(1944); C H Feinstein (Ed), Banking, Currency and Finance in Europe Between the Wars (1995); C H Feinstein, P Temin & G Toniolo, The European Economy Between the Wars (1997); B Eichengreen, Golden Fetters. The Gold Standard and the Great Depression (1992); P Clarke, The Keynesian Revolution in the Making (1988); M Harrison (Ed), The Economics of World War II (1998); A S Milward, War, Economy and Society, 1939-45 (1977); A Boltho (Ed), The European Economy: Growth and Crisis (1988); D Ellwood, Rebuilding Europe. Western Europe, America and Post-War Reconstruction, (1992); M S Schulze (Ed), Western Europe: Economic and Social Change Since 1945 (1999).

A three-hour written examination in the ST.