Great Offices of State have come close to achieving this distinction: Herbert Henry Asquith and Winston Churchill both served as Chancellor, Prime Minister and Home Secretary while Harold Macmillan and John Major served as Prime Minister, Chancellor and Foreign Secretary. Rab Butler and Sir John Simon served as Chancellor of the Exchequer, Foreign Secretary and Home Secretary. Two of the Great Offices of State have often been held simultaneously by one person, most recently by Ramsay MacDonald, Prime Minister and Foreign Secretary in 1924; Arthur Wellesley, the Duke of Wellington, is the only person to have held three of the Great Offices simultaneously, serving
How to Pay for the War: A Radical Plan for the Chancellor of the Exchequer that would, in part, be legislated in the Budget of Sir Kingsley Wood, Chancellor of the Exchequer. The deferred pay became a system of post-war credits which were progressively repaid after the war, albeit at reduced value. Keynes devotes much attention to price controls, proposing a number of measures to control (but not planning to eliminate) inflation, measures including deferred pay and forced savings. Most of the book, Chapters IV to X, is dedicated to the problems of resource allocation and price control. The book is an exercise in Keynesian macroeconomics, a prime example of Keynesian analysis and technique, by