Keynesianism in Western Europe

1.    The first three decades after World War II (1945-1975) were marked by stunning economic growth across the West European continent. Annual growth rates from 1945 to 1973 were:

United Kingdom          2.4%
France                          4.0%
West Germany            5.0%
Italy                            4.9%
[source: Crafts, N. (1995). The Golden Age of Economic Growth in Western Europe, 1950-1973. The Economic History Review, 48(3), new series, 429-447.]

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We can explain this growth with the economic innovation of Keynesianism. Western European countries learned the lesson of the 1930s: Spend your way out of a depression.

Do you agree or disagree with the above analysis? Your essay should begin with an opening thesis paragraph. Be sure to spend at 1-2 paragraphs explaining the concept of Keynesianism. Then support your argument using empirical examples from at least three countries. If you want to argue that Keynesianism does not explain economic growth, you should at least suggest an alternative explanation.

Does Keynesianism explain the growth of British, German, and Italian economies? Because of Keynesianism does growth happen? For more information on Keynesianism in Western Europe check out:

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