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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 ...”

“... 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 ...”