Skip to content
quotesby

About this quote

What does it mean?
UK manufacturing growth was worst among peers in the 60s/70s, best in the 80s.
In plain terms
UK manufacturing was worst in 60s/70s, best in 80s.
What can you take from it?
Policy shifts changed growth rankings.

Where it applies

  • economic history
  • policy analysis
  • manufacturing

Putting it to work

  • study policy impacts
  • compare performance

Questions to consider

  • Why did rankings shift?
  • What policies mattered?

Another view

Growth rates alone don't show long-term health.

More from Nigel Lawson

  1. Nothing could be further from the truth than the claim that we have a choice between cutting tax and cutting unemployment, for the two go hand in hand.

    Permalink to quote #4
  2. We had to dispel the notion that the way to economic success lies through a sort of fiscal levitation. That was the abiding post-war delusion-that governments …

    Permalink to quote #6
  3. The acid test of monetary policy is its record in reducing inflation. Those who wish to join the debate about the intricacies of different measures of money an…

    Permalink to quote #3

Related quotes

  1. We had to dispel the notion that the way to economic success lies through a sort of fiscal levitation. That was the abiding post-war delusion-that governments …

    Nigel LawsonNigel Lawson quote #6
  2. We have spoken on many occasions of the need to achieve high economic growth as an absolute priority for our country. The annual address for 2003 set for the f…

    Vladimir PutinVladimir Putin quote #13
  3. If a tax cut increases government revenues, you haven't cut taxes enough.

    Milton FriedmanMilton Friedman quote #24