
Inside Thatcher’s Monetarism Experiment
The Promise, the Failure, the Legacy
- 192 pages
- English
- ePUB (mobile friendly)
- Available on iOS & Android
About this book
In 1979, Margaret Thatcher's new government was faced with rampant double-digit inflation, rising unemployment and flatlining economic growth. In response, Thatcher pursued an economic policy which rejected the old orthodoxies and was promoted by only a minority of economists: a policy based on the doctrine of monetarism.
Tim Lankester was the private secretary for economic affairs to Thatcher during the early years of her government. His insider's account explains her attitudes and decisions and those of the other main players in this deeply damaging experiment in economic policy making, which promised much but completely failed to deliver.
Offering fascinating insights into one of the most unsuccessful episodes of British economic history, he also examines the legacy of monetarism for the economy today.
Frequently asked questions
- Essential is ideal for learners and professionals who enjoy exploring a wide range of subjects. Access the Essential Library with 800,000+ trusted titles and best-sellers across business, personal growth, and the humanities. Includes unlimited reading time and Standard Read Aloud voice.
- Complete: Perfect for advanced learners and researchers needing full, unrestricted access. Unlock 1.4M+ books across hundreds of subjects, including academic and specialized titles. The Complete Plan also includes advanced features like Premium Read Aloud and Research Assistant.
Please note we cannot support devices running on iOS 13 and Android 7 or earlier. Learn more about using the app.
Information
Table of contents
- Cover
- Title Page
- Copyright Page
- Contents
- Acknowledgements
- Main characters
- 1. Introduction
- 2. A view from Number 10
- 3. Keynes and Friedman
- 4. The monetarists’ challenge
- 5. Labour and soft monetarism
- 6. Mrs Thatcher and hard monetarism
- 7. Monetarism’s high noon
- 8. Ending the experiment
- 9. Counting the cost
- 10. Mrs Thatcher and the trade unions
- 11. The quest for an alternative anchor
- 12. The monetarists and the critics look back
- 13. The legacy
- 14. The return to stagflation?
- 15. Epilogue
- Appendix
- Glossary
- Notes