ABSTRACT
What role should the government be playing in managing the macro economy? This is a debate that has continued – inconclusively – for more than a century. Here are the views of three Britons (or to be precise a Scotsman, an Englishman and a Welshman), all figures of major importance:
Great nations are never impoverished by private, though they sometimes are by public prodigality and misconduct. The whole, or almost the whole public revenue, is in most countries employed in maintaining unproductive hands.
