The Scourge of MonetarismNow thoroughly revised and updated, this edition also includes a new introduction which places Britain's experience of monetarism into a world context. |
Contents
List of Figures and Tables | 9 |
Introduction to the Second Edition XX ix | xx |
A Personal Note on Lord Radcliffe 237 17 | xxviii |
Lecture II | 17 |
MONETARY POLICY IN THE UNITED KINGDOM | 37 |
Notes on Subsequent Developments | 112 |
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Common terms and phrases
amount balance of payments bank deposits Bank of England Bank Rate banking system billions cash cause cent Central Bank changes clearing banks commodities competitive cost credit-money demand for money economic effect evidence exchange rate exogenous expectations expenditure exports fall financial assets Financial Statistics Friedman funds gilts gold Government Government's growth higher hold important incomes policy inflation inflationary instrument interest rates interest-bearing deposits investment issues J. R. Hicks Keynes Keynesian labour liquid assets loans Lord Radcliffe manufacturing ment Milton Friedman monetarist monetary authorities monetary policy money and income money incomes money stock money supply Nicholas Kaldor non-bank private sector output percentage period production Professor Kaldor PSBR quantity of money quantity theory Radcliffe Committee rate of inflation rate of interest ratio reduction relation result savings supply of money Table target theory of money tion unfunded United Kingdom velocity of circulation wages yield