1. These events are covered in greater detail in the literature. For examples of the historiography of British economic decline, see: N.F.R Crafts, Britain’s Relative Economic Performance (London: IEA, 2002);
2. N.F.R. Crafts and N. Woodward (eds), The British Economy Since 1945 (Oxford: Clarendon, 1991);
3. and, A. Gamble, Britain in Decline: Economic Policy, Political Strategy and the British State (Basingstoke: Macmillan, 1994).
4. For further explanation of the Carter administration’s economic experience, see: G.A. Haas, Jimmy Carter and the Politics of Frustration (Jefferson, N.C. and London: McFarland, 1992), 83–97.
5. For (contemporary) accounts of stagflation see: A. S. Binder, Economic Policy and the Great Stagflation (New York: Academic, 1979),