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Reflections on Monetarism: Britain's Vain Search for a Successful Economic Strategy

Reflections on Monetarism: Britain's Vain Search for a Successful Economic Strategy

by TimCongdon (Author)

  • Used

    Paperback 1992

    $6.57
Synopsis

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.

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More Information

Format: Paperback
 Pages: 320
 Publisher: Edward Elgar Publishing Ltd
Published: 12 Nov 1992
ISBN 10: 185278766X
ISBN 13: 9781852787660

Media Reviews
`A highly recommended book which is a collection of the author's most important academic papers and journalistic contributions, including articles printed in The Times during 1985-1988. The author has an outstanding record in forecasting the economic consequences of changes in monetary policy and this volume is essential reading for students, business men and policy makers.' -- Aslib Book Guide
`Tim Congdon is unique among economists forewarning from 1985 of Lawson's disastrous economic decisions and the boom and bust that would follow.' -- The Rt Hon The Lord Joseph of Portsoken, CH PC
`Tim Congdon has an outstanding record in forecasting the economic consequences of changes in monetary policy. This is a book which ought to be read by every businessman and every politician.' -- Lord Rees-Mogg
`Tim Congdon's subject could hardly be more timely. It is nearly fifty years since the Employment Policy White Paper. That strategy failed in the end. Since then the response of policy to the failure to find a convincing strategy has been to abdicate the task. Throwing in the towel is not a policy; and Tim Congdon will rightly have none of it.' -- Peter Jay
`Tim Congdon has never hesitated to challenge consensus thinking about macroeconomic policy, with his clear, original, incisive arguments. He has been proven correct in his predictions for, and analysis of, the economy to a remarkable extent. His work should be required reading in Whitehall. If it had been, recent policy errors could have been avoided.' -- C.A.E. Goodhart, London School of Economics and Political Science, UK
`Tim Congdon is a redoubtable champion of monetarism. His work has been both valuable and prescient; and it must be taken extremely seriously.' -- Patrick Minford, University of Liverpool, UK
`Mr Congdon preaches the monetarist creed with a passion and fervour more suited to the revivalist churches of South London than the hushed corridors of Cambridge University or the Treasury.' -- Patrick Harverson, The Financial Times
Author Bio
Tim Congdon, CBE, Chairman, Institute of International Monetary Research and Professor, University of Buckingham, UK