Inside Thatcher’s Monetarism Experiment
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Inside Thatcher’s Monetarism Experiment
Inside Thatcher’s Monetarism Experiment
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.
Book Details
INFORMATION
ISBN: 9781447371366
Publisher: Bristol University Press
Format: Paperback / softback
Date Published: 16 September 2025
Country: United Kingdom
Imprint: Policy Press
Illustration: Not illustrated
Audience: General / adult, Professional and scholarly
DIMENSIONS
Width: 140.0mm
Height: 216.0mm
Weight: 0g
Pages: 240
About the Author
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).
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