Downhill
David Marquand, 19 September 1985
Years of Recovery: British Economic Policy 1945-51
by Alec Cairncross.
Methuen, 527 pp., £35, April 1985,0 416 37920 6 Show More
by Alec Cairncross.
Methuen, 527 pp., £35, April 1985,
The Politics of Recession
by R.W. Johnson.
Macmillan, 275 pp., £20, January 1985,0 333 36786 3 Show More
by R.W. Johnson.
Macmillan, 275 pp., £20, January 1985,
The Labour Government 1974-79: Political Aims and Economic Reality
by Martin Holmes.
Macmillan, 206 pp., £25, May 1985,0 333 36735 9 Show More
by Martin Holmes.
Macmillan, 206 pp., £25, May 1985,
New Jerusalems: The Labour Party and the Economics of Democratic Socialism
by Elizabeth Durbin and Roy Hattersley.
Routledge, 341 pp., £16.95, March 1985,9780710096500 Show More
by Elizabeth Durbin and Roy Hattersley.
Routledge, 341 pp., £16.95, March 1985,
“... pathetically out of his depth as minister. Much the same was true of the convertibility crisis. By May 1947, the Treasury knew that import cuts were needed to halt the dollar drain, and warned accordingly. Again and again, ministers dithered, until, in the end, the crisis forced their hands. After 1947, however, there were no more horror stories of this ... ”