Monetarism Under Thatcher - Lessons For The Future. Pepper And Oliver. Good Con

Description: Ex-library book in great condition apart from library stickers inside cover and security sticker inside back cover, and some dents. Please check photos provided Check out my other books and collectibles This authoritative book analyses the recent problems associated with the UK's monetary system and suggests a long-term solution to control bank lending in the future. It draws on extensive historical material, discussions with former senior officials and politicians, and the perceptive insights of Gordon Pepper, an advisor to Margaret Thatcher when the foundations of monetary control were being laid, to revisit and re-examine the monetarist experiment of the [url] authors argue that, in spite of the instinct of the Prime Minister, the authorities never attempted to control the supply of money in the 1980s and only paid lip service to controlling the demand for money. Extraordinary behaviour of bank lending was a significant cause of the Barber boom in the mid-1970s, of the Lawson boom of the 1980s and of the depth of the recession in the early 1990s. They assert that varying interest rates is an ineffective tool to manage lending and controversially propose that the only enduring solution is to control the banks' reserves. The authors forcefully argue that should the UK not become a member of the European Single Currency the debate surrounding monetary base control will need to be reopened. By reassessing a significant era in British economic policy and suggesting a strategy for the future, this book will be of great interest to economic historians, monetary and political economists, policymakers and investment advisers. This book titled "Monetarism Under Thatcher: Lessons For The Future" is a valuable addition to any economics enthusiast's collection. Written by Gordon T. Pepper, Cbe, and Michael J. Oliver, this paperback textbook provides a comprehensive analysis of the monetary policy under the Thatcher government.

Price: 55 GBP

Location: London

End Time: 2025-02-02T08:36:57.000Z

Shipping Cost: 45.25 GBP