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Semester 1

Time, Economics and Resource Allocation in Britain 1930-1990 (ECSH10094)


History - Economic and Social History





Normal Year Taken


Delivery Session Year



Visiting students must have previously taken 3 History courses at grade B or above. We will only consider University/College level courses. Applicants should note that, as with other popular courses, meeting the minimum academic entry requirements does NOT guarantee admission. **Please note that 3rd year History courses are very popular and have strict visiting student quotas, meaning that they have a very high number of students wishing to enrol in a very limited number of spaces.** These enrolments are managed strictly by the Visiting Student Office, in line with the quotas allocated by the department, and all enquiries to enrol in these courses must be made through the CAHSS Visiting Student Office. It is not appropriate for students to contact the department directly to request additional spaces. A background in first-year economics or British economic and environmental history is helpful to students taking this course.

Course Summary

This course provides an analysis of the changing interaction between time, economic theory and economic policy-making in the UK between 1930 and 1990.

Course Description

This one-semester course examines the changing use made of the concept of time in economic theory and in UK economic policy-making from the 1930s. Topics covered include: technology, fixed capital investment and the pricing of time; Hayek and the Austrian approach to time and markets; J.M. Keynes and the making of The General Theory; John Hicks and the interpretation of The General Theory; Frank Ramsey and discounting; Nicholas Kaldor and export-led growth and expenditure taxation; Maurice Allais, Paul Samuelson and the Over-Lapping Generations model; and James Meade and marginal-cost pricing. The policy areas covered will include: tangible and intangible assets; human capital; the distribution of income and wealth; housing; social security; health; the ownership and structure of utility industries; public investment; property rights and the law of the sea; and taxation.

Assessment Information

Written Exam 0%, Coursework 100%, Practical Exam 0%

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