"The collapse of the Bretton Woods system in the early 1970s resulted in a transition to fluctuating rather than fixed currency system. This brought sterling into the turmoil of the world currency markets, and by the end of the 1970s, sterling had quietly ended its role as an international...

Introduction -- Consistency and viability of economic systems -- Consistency and viability of market capitalism -- Great Britain. From Atlee's postwar consensus and welfare state to Thatcher's free market economy -- Postwar Japan: from the economic miracle to the bubble economy -- The European...