364 Economists on Economic Policy
In 1981, 364 economists signed a letter to the London Times, objecting to the Thatcher Governmentâ€™s anti-inflation policy. This article considers both the policy and the objections. The policy was basically a monetarist one, grounded on the view that inflation could be controlled only by controlling money. It is argued that theory as well as the evidence available at the time supported that approach. In contrast, while the alternatives proposed were vague, they seemed to be inconsistent with the facts. Further, in defiance of the predictions of the letter, inflation came down and the British economy did not stay in recession.
Volume (Year): 3 (2006)
Issue (Month): 1 (January)
|Contact details of provider:|| Postal: Enterprise Hall, Room 354, 4400 University Drive, 3G4 Fairfax, VA 22030|
Phone: (703) 993-1151
Web page: https://econjwatch.org/
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Capie, Forrest & Wood, Geoffrey, 2002. "Price Controls in War and Peace: A Marshallian Conclusion," Scottish Journal of Political Economy, Scottish Economic Society, vol. 49(1), pages 39-60, February.
When requesting a correction, please mention this item's handle: RePEc:ejw:journl:v:3:y:2006:i:1:p:137-147. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Jason Briggeman)
If references are entirely missing, you can add them using this form.