Ever since 1945 the federal government has held and indeed increased its importance as the first customer of the American economy. Government spending had been the primary economic stimulant and to increase it had been...

If there was a spectre haunting France in the 1780’s, it was not that of revolution but that of state bankruptcy. The whole social and political structure of France stood in the way of tapping...

For a quarter-century British governments had tried and failed to combine economic growth, increased social service provision and a high level of employment. The second depended ultimately on the first, but when difficulty arose, the...