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From the 1950s until the 1970s Britain enjoyed a `golden age` of low unemployment, low inflation, and respectable growth rates. But from the 1970s the economy was much less stable and by some measures, such as unemployment, performance seriously deteriorated. This course analyses the forces at work in creating this instability, and the responses by successive governments to the economic problems they faced. It deals with the political and ideological underpinnings of policy, and also assesses the ways in which narratives about policy were constructed and deployed in order to sustain public support.