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The Conduct of the Credit Base Condemned

In: Against Inflation

Author

Listed:
  • Lord Robbins

    (The London School of Economics)

Abstract

My Lords, the noble Lord, Lord Beswick, has announced that he will not ask his Party to divide against this Second Reading. If his decision had been otherwise, I confess that I should have gone into the Government Lobby. I should have gone into the Government Lobby, however, in a somewhat Laodicean frame of mind. I should go in not because I think in principle and in the long run statutory control of incomes is the best way of managing that sort of thing. On the contrary, I still hold the view that if aggregate national spending is held more or less commensurate with the increase in the value of the product then freely negotiated contracts are better.

Suggested Citation

  • Lord Robbins, 1979. "The Conduct of the Credit Base Condemned," Palgrave Macmillan Books, in: Against Inflation, chapter 13, pages 65-69, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-04478-8_13
    DOI: 10.1007/978-1-349-04478-8_13
    as

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