Abstract
The 1970s witnessed a revolution in British economic policy. When the decade began, Britain was the paradigmatic case of what has often been termed the Keynesian era. By the 1980s Britain was leading again but in a different direction. Under Prime Minister Margaret Thatcher, monetarist modes of economic policy-making replaced their Keynesian antecedents. How are we to explain this change in direction? That is the empirical question to which this chapter is addressed.
Keywords
MonetarismKeynesian economicsPrime ministerEconomicsMonetary policyMovement (music)Economic historyPolitical economyPolitical sciencePoliticsLawPhilosophy
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Publication Info
- Year
- 1992
- Type
- book-chapter
- Pages
- 90-113
- Citations
- 293
- Access
- Closed
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Cite This
Peter A. Hall
(1992).
The movement from Keynesianism to monetarism: Institutional analysis and British economic policy in the 1970s.
Cambridge University Press eBooks
, 90-113.
https://doi.org/10.1017/cbo9780511528125.005
Identifiers
- DOI
- 10.1017/cbo9780511528125.005