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Fortunately for the Labour government, any economic reckoning will occur safely after a spring election.
They have let their prejudices and biases get in the way of sound economic reckoning.
These macroeconomic imbalances would have made a global economic reckoning inevitable, with or without 9/11.
But analysts say that, regardless of who wins the election, Venezuela faces a grim economic reckoning.
The Chinese government appears to have delayed an economic reckoning, but at a high cost.
However if Britain is having an economic reckoning, so is Germany.
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As Mugabe's reputation thereafter plummeted amid Zimbabwe's economic ruin, reckoning of Smith and his legacy improved.
German Gref, the minister for economic reform, reckons that bad regulations cost the country 167 billion rubles ($5.7 billion) a year.
Bob Mitchell, the president of the Bay Area Houston Economic Partnership, reckons that up to 4,000 people will lose their jobs with the end of the programme.
Most economic historians reckon there was very little improvement in living standards in Britain in the century after the first Industrial Revolution.
This has damaged its reputation for having an independent economic perspective, reckons Arvind Subramanian of the Peterson Institute, a think-tank.An even tougher test is looming.
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