The Rise and Fall of Monetarism

This book examines the personalities (President Reagan and Prime Minister Thatcher, Milton Friedman and Sir Keith Joseph, Denis Healey and Edward Heath) and political in-fighting that led to a remarkable but short-lived triumph for monetarist theory and policy. Now that even Conservatives have consigned monetarism to the scrap-heap of history, David Smith draws out the unhappy lessons of a fundamentally flawed economic experiment.