Inside Thatcher's Monetarism Experiment

The Promise, the Failure, the Legacy
1. Auflage 2024
ISBN: 978-1-4473-7135-9
Verlag: Bristol University Press

Buch, Englisch, 240 Seiten, Format (B × H): 146 mm x 220 mm, Gewicht: 422 g

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.

Autoren/Hrsg.

Lankester, Tim

Fachgebiete

• Wirtschaftswissenschaften Wirtschaftswissenschaften Wirtschaftsgeschichte
• Wirtschaftswissenschaften Volkswirtschaftslehre Volkswirtschaftslehre Allgemein Wirtschaftstheorie, Wirtschaftsphilosophie
• Geisteswissenschaften Geschichtswissenschaft Geschichtliche Themen Wirtschaftsgeschichte
• Wirtschaftswissenschaften Volkswirtschaftslehre Volkswirtschaftslehre Allgemein Geschichte der VWL
• Sozialwissenschaften Politikwissenschaft Regierungspolitik

Inhaltsverzeichnis

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

Über Autor(innen)

Lankester, Tim
Sir Tim Lankester, KCB, was Margaret Thatcher's first private secretary for economic affairs. He was subsequently Britain's representative on the boards of the IMF and the World Bank; Permanent Secretary at the former Overseas Development Administration; Director of the School of Oriental and African Studies, University of London; and President of Corpus Christi College, Oxford. He is the author of The Politics and Economics of Britain's Foreign Aid: The Pergau Dam Affair (Routledge, 2013).

Tim Lankester was Margaret Thatcher’s first private secretary for economic affairs. He subsequently held senior positions at HM Treasury, the IMF, World Bank, Overseas Development Administration, School of Oriental and African Studies, University of London and Corpus Christi College, Oxford. He is author of The Politics and Economics of Britain’s Foreign Aid: The Pergau Dam Affair (2013).