Comment: When 364 economists were wrong

It is rare to find two economists who can agree on anything, but in 1981 no less than 364 British economists agreed to write an open letter condemning the tightness of that year's budget. Amongst them: a certain Mervyn King.

COMMENT BY CENTRALBANKNEWS

The 1981 budget of Margaret Thatcher and her chancellor of the exchequer, Geoffrey Howe, is often regarded as a turning point in Britain's transformation from the "sick man" of Europe in the 1970s into a competitive economy. Seen in this light

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