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31 Mar 2010Breakfasting in bed, Maynard Keynes recalled the immense scope of the laissez-faire world of the Pax Britannica at its zenith in the summer of 1914. ‘The inhabitant of London could order by telephone, sipping his tea … the various products of the whole earth, in such quantities as he might see fit, and reasonably expect their early delivery at his doorstep; he could ...