Description
Book SynopsisThe last 20 years have seen severe macroeconomic instability in Britain, with three extreme and highly damaging boom-bust cycles. Professor Tim Congdon, one of the City’s most well-known commentators, has been an influential critic of successive governments’ failures in economic policy throughout this period.
Reflections on Monetarism brings together his most important academic papers and journalism, including his remarkably prescient series of articles in
The Times from 1985 to 1988 forecasting that the Lawson credit boom would wreck the Thatcher Government’s reputation for sound financial management. He presents a powerful argument that the root cause of Britain’s economic instability has been the volatile growth of credit and the money supply.
Trade Review’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.’
