Show Less
Open access


Britain’s Vain Search for a Successful Economic Strategy

Tim Congdon

The 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.
Show Summary Details
Open access


Tim Congdon

© Tim Congdon 1992

Edward Elgar Publishing Limited

Glensanda House

Montpellier Parade


Glos GL50 1UA


William Pratt House

9 Dewey Court


Massachusetts 01060


This book has been printed on demand to keep the title in print.

A catalogue record for this book

is available from the British Library

Congdon, Tim.

Reflections on monetarism : Britain’s vain search for a successful economic strategy / Tim Congdon.

p. cm.

Includes index.

1. Monetary policy—Great Britain. 2. Great Britain—Economic policy—1945– I. Title.

HG939.5.C65 1992

338.941—dc20 92-24702


ISBN 978 1 85278 441 6 (cased)

978 1 85278 766 0 (paperback)

978 1 78897 070 9 (eBook)