The Macroeconomics of Margaret Thatcher

  title={The Macroeconomics of Margaret Thatcher},
  author={Roger E. Backhouse},
  journal={Journal of the History of Economic Thought},
  pages={313 - 334}
  • R. Backhouse
  • Published 1 September 2002
  • Economics
  • Journal of the History of Economic Thought
The government of Margaret Thatcher forms a revealing case study of how economic ideas become entwined with the political and economic history of any country where attempts are made to apply them. As each of the papers in this symposium points out, Thatcher and her government became inextricably associated with “monetarism.” They were influenced by a range of economists, including Milton Friedman and Friedrich Hayek, but the policies that went under the label of monetarism ended up being very… 

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