Abstract
In the late 1950s and early 1960s only a handful of British economists — for the most part associated with the IEA — began to swim against the mainstream of conventional wisdom of Cambridge, National Institute (NIESR), Treasury and Bank of England establishment. At first, the establishment ignored them — expecting, I suppose, that they would become weary once more and rejoin the mainstream. But the IEA went on its way. And the obloquy was poured in full measure: jejune, Neanderthal, antediluvian — ultimately becoming Selsdon man.1
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
Notes
For example, Milton Friedman, Unemployment versus Inflation?, Occasional Paper 44, with a British Commentary by David Laidler, IEA, 1975 (3rd Impression 1977).
For a number of reasons why, see Robin Pringle, The Growth Merchants, Centre for Policy Studies, London, 1977. As I wrote, in October 1977, the new wave of expansion began to surge. We shall have to wait and see whether it again overwhelms us, as in 1972–73, and what the consequences are.
Editor information
Editors and Affiliations
Copyright information
© 1996 The Wincott Foundation
About this chapter
Cite this chapter
Walters, A. (1996). Economists and the British Economy. In: Wood, G.E. (eds) Explorations in Economic Liberalism. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-24967-1_6
Download citation
DOI: https://doi.org/10.1007/978-1-349-24967-1_6
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-24969-5
Online ISBN: 978-1-349-24967-1
eBook Packages: Palgrave Economics & Finance CollectionEconomics and Finance (R0)