First edition. 8vo. xii, 143 pp. Original black cloth, spine lettered in gilt, dust jacket (internally clean without any markings or underlinings; some light wear to edges of jacket, still a very good copy) . London, Faber and Faber, 1995.
‘The performance of the British economy has deteriorated over the years relative to that of other industrialized countries; and it has suffered for many years from a stop-go cycle. Lord Roll examines certain economic landmarks in the last seventy years and identifies errors of policy which can be linked to this deteriorating performance, tracing them from the return of the Gold Standard in 1925 to the recession of the last few years. He also examines the failure to assess early enough the significance of the movement for European integration and to assume the leadership which Britain could and should have had after World War II. He analyses the consequential errors of policy culminating in our belated entry into the ERM and our ejection from it in 1992’ (dust jacket blurb).
