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In 1984, he was appointed as a member of the Order of the Companions of Honour by Queen Elizabeth II on the advice of Prime Minister Margaret Thatcher for his " services to the study of economics.

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In 1984, he was appointed as a member of the Order of the Companions of Honour ( CH ) by Queen Elizabeth II of the United Kingdom on the advice of the British Prime Minister Margaret Thatcher for his " services to the study of economics.

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