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The end of the second world war ushered in an era of incomparable economic growth. In the era of post-war reconstruction the world's developed countries would enjoy a 'golden age' of low inflation and full employment. Guided by the theories of John Maynard Keynes, governments became increasingly confident in how to apply macroeconomic policy.
By ABC Australia4.7
66 ratings
The end of the second world war ushered in an era of incomparable economic growth. In the era of post-war reconstruction the world's developed countries would enjoy a 'golden age' of low inflation and full employment. Guided by the theories of John Maynard Keynes, governments became increasingly confident in how to apply macroeconomic policy.

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