REFLECTIONS ON MONETARISM: Britain’s Vain Search for a Successful Economic Strategy

This work offers two theses - the first on why the rise of a so-called "monetarist" approach to economic policy in Britain in the late 1970s made possible the Thatcher government's success in reducing inflation in the 1980s and the second on how the abandonment of these policies in the mid-1980s led to the return of inflationary worries in the late 1980s. The author of this book has been influential throughout this period by means of his writings in the press and the city, as both an advocate of the original monetarist programme and as a critic of its abandonment. Here, he draws together some of the most important of his articles and papers.