Article: WHAT BECAME OF THE NEW ECONOMY?

The Review is pleased to give hospitality to CLARE Group articles, but is not necessariiy in agreement with the views expressed. Members of the CLARE Group are M.J. Artis, T. Besley, A.J.C. Britton, W.A. Brown, W.J. Carlin, J.S. Flemming, C.A.E. Goodhart, J.A. Kay, R.C.O. Matthews, D.K. Miles, C.P. Mayer, M.H. Miller, P.M. Oppenheimer, M.V. Posner, W.B. Reddaway, J.R. Sargent, P. Seabright, Z.A. Silberston, S. Wadhwani and M. Weale. Drafts of this article have been discussed among members of the Group, but responsibility for the views expressed rests with the authors alone.

Over the past five years, there have been widespread claims -- not only that there is a ...

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