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SUMMARY:From Keynesian consensus to 'sado-monetarism': UK monetary policy 
 from devaluation to Mrs Thatcher - Duncan Needham (Faculty of History)
DTSTART:20101012T160000Z
DTEND:20101012T170000Z
UID:TALK27206@talks.cam.ac.uk
CONTACT:Rachel Marston
DESCRIPTION:This presentation will chart the course of UK monetary policy 
 from the Keynesian consensus of the 1960s to the 'sado-monetarism' of the 
 first Thatcher administration. This is a period which included the collaps
 e of Bretton Woods\, stagflation\, the oil shocks\, the 1976 IMF loan and 
 the winter of discontent. It will show that Bank of England and Treasury o
 pposition to the monetarism of the first Thatcher administration stemmed p
 artly from a belief in the intellectual incoherence of the theory\, but al
 so from the failure of an earlier experiment in 'practical monetarism'\, C
 ompetition and Credit Control\, in the early 1970s.
LOCATION:Winstanley Lecture Hall\, Trinity College
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