The Danish Economy in the Twentieth Century (1987) surveys the Danish economy, examining the effects of the rapid industrialisation which occurred in the country in the late nineteenth and early twentieth centuries. It shows how Denmark was less severely affected by the Depression of the 1930s and the two world wars than were other countries in Europe. It shows how Denmark maintained its position by the skilful commercial exploitation of its comparative advantages, in all sectors – agriculture, manufacturing and services, but most notably in dairy and livestock products.