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Letting things rip

Wynne Godley, 7 January 1993

Reflections on Monetarism 
by Tim Congdon.
Edward Elgar, 320 pp., £35, November 1992, 1 85278 441 5
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... institutes (particularly the London Business School) and Professors R.J. Ball and R.C.O. Matthews as well as the editor of the Times, William Rees-Mogg – all went overboard in support of the Heath-Barber boom, some of them proposing additional reflation late in 1973. Having myself written so much about the appalling consequences of the ...

Economic Performance

Sydney Checkland, 19 April 1984

The Victorian Economy 
by François Crouzet, translated by Anthony Forster.
Methuen, 430 pp., £18, June 1982, 0 416 31110 5
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British Economic Growth 1856-1973 
by R.C.O. Matthews, C.H. Feinstein and J.C. Odling-Smee.
Oxford, 712 pp., £37.50, October 1982, 0 19 828453 5
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The Cambridge Economic History of Europe. Vol. VII: The Industrial Economies: Capital, Labour and Enterprise 
edited by Peter Mathias.
Cambridge, 832 pp., £13.50, June 1982, 0 521 28800 2
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... own demands and imposes its own exclusions. These are carefully pointed out and demonstrated by Matthews, Feinstein and Odling-Smee, and by Solow and Temin in the Cambridge volume. Immeasurables tend to become residuals (and hence very difficult to relate to anything real). Solow and Temin are frank: ‘The usual routine, in the absence of anything ...

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