In this time of financial crisis it is interesting to look back forty years to a time when one of the major world economies had a crisis so serious that the lights actually went out. It is quite comforting in fact. Even though everything seemed to be going wrong, somehow we muddled through. But it was neither an heroic era nor a stylish one. If 1940 was Britain's finest hour, the seventies were probably its least well groomed.
http://www2.lse.ac.uk/newsAndMedia/videoAndAudio/channels/publicLecturesAndEvents/player.aspx?id=773
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