1st Edition
Sunshades in October An Analysis of the Main Mistakes in British Economic Policy Since the Mid Nineteen-Fifties
Sunshades in October (1963) argues that under certain circumstances economic domestic restraint will in fact do precisely the opposite. This went against British economic policy of the time, based on the assumption that a restraint on domestic demand must always serve, in some measure, to ease the problems of securing sufficient exports and of containing cost inflation.
Part 1. 1. Figures and a Theory 2. The Changing of the Guards 3. What Mr Butler Saw 4. Disinvesting from Success Part 2. The Repeal of the Law of Diminishing Returns 5. The Hidden Unpersuaded 6. Introducing a Little Algebra 7. Addressed to Keynesians Part 3. The New Society 8. The Durable Goods Revolution 9. From the Specialized to the Standard 10. The Barriers to Progress Part 4. The Balance of Payments Muddle 11. The Curse of Sterling’s Status 12. The Quantity that Isn’t 13. Squeezes, Imports and Exports Part 5. Wages and Summary 14. Inflation by Arbitration 15. Summary and Conclusions
Biography
Norman Macrae
