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SUMMARY:Inside Thatcher's monetarism experiment - the promise\, the failur
 e\, the legacy - Sir Tim Lankester (University of Oxford)
DTSTART:20240212T170000Z
DTEND:20240212T183000Z
UID:TALK210451@talks.cam.ac.uk
CONTACT:Dr Duncan Needham
DESCRIPTION:In 1979\, Margaret Thatcher’s new government was faced with 
 rampant double-digit inflation\, rising unemployment and flatlining econom
 ic growth.  In response\, Thatcher pursued an economic policy which reject
 ed the old orthodoxies and was promoted by only a minority of economists: 
 a policy based on the doctrine of monetarism.  Tim Lankester was the priva
 te secretary for economic affairs to Thatcher during the early years of he
 r government.  His insider’s account explains her attitudes and decision
 s and those of the other main players in this deeply damaging experiment i
 n economic policy making\, which promised much but completely failed to de
 liver.  Offering fascinating insights into one of the most unsuccessful ep
 isodes of British economic history\, he also examines the legacy of moneta
 rism for the economy today.
LOCATION:John Bradfield Room\, Darwin College and Zoom
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