In This Review

Britain's Economic Problem: Too Few Producers
Britain's Economic Problem: Too Few Producers
By Robert Bacon and Walter Eltis
St. Martin's, 1976, 194 pp.
The Rise of the Corporate Economy: The British Experience
The Rise of the Corporate Economy: The British Experience
By Leslie Hannah
Johns Hopkins, 1976, 243 pp.
Inflation
Inflation
By John Flemming
Oxford University Press, 1976, 136 pp.

Here are three (partial) diagnoses of the British disease that may have a bearing on other industrial societies as well. In a work that has attracted a lot of attention, Bacon and Eltis of Oxford see a deadly combination in the decline of employment and investment in the production of commercial goods and services while spending rises on public goods and services. Hannah of Cambridge is interesting and judicious about concentration, restrictive practices, and government-business relations. Flemming, of Oxford and the Bank of England, transcends the clichés and shows how complex a phenomenon inflation is.