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Listener 25 February, 1991

Keywords: Growth & Innovation; Labour Studies; Macroeconomics & Money; Social Policy;

A popular folk song on US campuses in the late 1960s was Pete Seeger’s “Waist Deep in the Big Muddy”. It described how one night an army platoon attempted to ford a swamp-river. The commander said he knew where he was going. It was just a matter of pushing on. Some of his troops were less certain, but were exhorted with such phrases as “don’t be a nervous nellie” and just show a little determination”.