Inside Thatcher's monetarism experiment

• Verfasst von: Lankester, Tim [VerfasserIn]
• Titel: Inside Thatcher's monetarism experiment
• Titelzusatz: the promise, the failure, the legacy
• Verf.angabe: Tim Lankester
• Verlagsort: Bristol, UK
• Verlag: Policy Press
• Jahr: 2024
• Umfang: x, 227 Seiten
• Illustrationen: Diagramme
• ISBN: 978-1-4473-7135-9
• Schlagwörter: (p)Thatcher, Margaret / (s)Thatcherismus / (s)Monetarismus
• Sprache: eng
• Bibliogr. Hinweis: Erscheint auch als : Online-Ausgabe: Lankester, Tim: Inside Thatcher’s Monetarism Experiment. - Bristol : Policy Press, 2024. - 1 Online-Ressource (192 p.)
• Bibliogr. Hinweis: Erscheint auch als : Online-Ausgabe: Lankester, Tim: Inside Thatcher's monetarism experiment. - Bristol : Policy Press, 2024. - 1 online resource (x, 230 pages)
• RVK-Notation: MG 42910
• RVK-Notation: QF 041
• K10plus-PPN: 189391268X

Abstract

"In 1979, Margaret Thatcher's new government pursued a monetarist economic policy in response to double-digit inflation, rising unemployment and flatlining economic growth. Tim Lankester's insider's account offers fascinating insights into one of Britain's most unsuccessful economic episodes and also examines monetarism's legacy today."

Abstract

Cover -- Half-title -- Title -- Copyright -- Contents -- Acknowledgements -- Main characters -- 1. Introduction -- Outline of the book -- 2. A view from Number 10 -- 3. Keynes and Friedman -- Keynes and the Classics -- The problem of inflation -- Prices and incomes policy -- The quantity theory of money -- Friedman and monetarism -- 4. The monetarists' challenge -- Stagflation and the declining relevance of Keynes -- Monetarist ideas to the fore -- Friedman's critics in the USA -- Friedman's British critics -- The British monetarists -- Keynesian monetarist -- 5. Labour and soft monetarism -- IMF to the rescue -- Monetarist ideas and monetary targets -- The Winter of Discontent -- 6. Mrs Thatcher and hard monetarism -- Preparing for power -- First days in power and core beliefs -- Working with Mrs Thatcher -- Key questions and early steps -- 1979 budget -- 7. Monetarism's high noon -- Medium-term financial strategy -- Further setbacks -- 1981 budget -- 8. Ending the experiment -- 9. Counting the cost -- The cost -- The reasons -- Was the cost inevitable? -- Mrs Thatcher's attitude -- 10. Mrs Thatcher and the trade unions -- Engaging with the trade unions -- Trade union reform -- 11. The quest for an alternative anchor -- Lawson and the Exchange Rate Mechanism -- Joining the ERM -- Inflation targeting -- 12. The monetarists and the critics look back -- The monetarists -- The critics -- 13. The legacy -- Some positives -- The role of fiscal policy -- Modern money theory -- Debt sustainability -- 14. The return to stagflation? -- 15. Epilogue -- Appendix -- Glossary -- Notes -- Index.