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Pay and Jobs

Samuel Brittan, 18 March 1982

Stagflation. Vol. 1: Wage Fixing 
by James Meade.
Allen and Unwin, 233 pp., £15, January 1982, 0 04 339023 4
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Prices and Quantity 
by Arthur Okun.
Blackwell, 382 pp., £15, August 1981, 0 631 12899 9
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... All monopolies work by raising the price per unit sold at the expense of a reduction in volume. Unions are no exception. They are in business to raise the pay of those already employed, even at the expense of fewer jobs. Fear of redundancy is some check, although a limited one where the majority remain at work. Reductions in employment which occur through natural wastage and non-recruitment are much less of an inhibition ...

Politics and Economics

Christopher Allsopp, 15 November 1984

The Role and Limits of Government: Essay in Political Economy 
by Samuel Brittan.
Temple Smith, 280 pp., £8.95, October 1983, 0 85117 237 7
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... limping along about two years behind the political roller-coaster. From this point of view, Sam Brittan’s book is greatly to be welcomed. It addresses the chief political/economic issues of our time; and as we would expect of one of our foremost economic journalists, it is international, and it is readable. It poses, one might say, all the right ...

Maastricht and All That

Wynne Godley, 8 October 1992

... for giving up the devaluation option in the form of fiscal redistribution. Some writers (such as Samuel Brittan and Sir Douglas Hague) have seriously suggested that EMU, by abolishing the balance of payments problem in its present form, would indeed abolish the problem, where it exists, of persistent failure to compete successfully in world markets. But ...

When Labour last ruled

Ross McKibbin, 9 April 1992

‘Goodbye, Great Britain’: The 1976 IMF Crisis 
by Kathleen Burk and Alec Cairncross.
Yale, 268 pp., £18.95, March 1992, 0 300 05728 8
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... economists; that its crucial conquests were financial journalists, among the earliest being Samuel Brittan and the Prime Minister’s son-in-law, Peter Jay. Sir Alec has some gentle fun at their expense. Of William Rees-Mogg, he writes: ‘in his eagerness to find a simple explanation of inflation he advanced one of the most preposterous arguments ...

After the May Day Flood

Seumas Milne, 5 June 1997

... 1992. Reflecting a widespread view, the Financial Times’s lugubrious free-marketeering guru Samuel Brittan advised his bruised followers after the election to count themselves lucky to have Tony Blair, as Labour would have certainly have won on a far more ambitious and traditional manifesto. The British public ‘remains hopelessly ...

Is this successful management?

R.W. Johnson, 20 April 1989

One of Us: A Biography of Margaret Thatcher 
by Hugo Young.
Macmillan, 570 pp., £16.95, April 1989, 0 333 34439 1
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... old-fashioned head of an established church than has Archbishop Runcie. Not only are his sermons Samuel Smiles homilies, attacking trade unions, preaching the gospel of work, advising the blacks to pull themselves up by their bootstraps like the Jews, but he has strongly attacked the Anglican document ‘Faith in the City’ as being, in effect, a charter ...

Going Flat Out, National Front and All

Ian Hamilton: Watch your mouth!, 14 December 2000

Diaries: Into Politics 
by Alan Clark.
Weidenfeld, 389 pp., £20, October 2000, 0 297 64402 5
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The Assassin’s Cloak: An Anthology of the World’s Greatest Diarists 
edited by Irene Taylor and Alan Taylor.
Canongate, 684 pp., £25, November 2000, 0 86241 920 4
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The Journals of Woodrow Wyatt. Vol. III: From Major to Blair 
edited by Sarah Curtis.
Macmillan, 823 pp., £25, November 2000, 9780333774069
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... are actually yearning to be rumbled? Well, probably; or maybe not. Who, if anyone, did Samuel Pepys think he was fooling when he wrote, in his now famously transparent code, that ‘Yo did take her, the first time in my life, sobra mi genus and did poner mi minu sub her jupes and toca su thigh’? (In a later entry, Pepys proudly records that Mrs ...

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