This book, first published in 1982 with a revised edition in 1984, traces the changes in approach to monetary control in the U.K. throughout the 1970s, and the consequences for policy and the British economy. This is a very interesting title, of great relevance to students and academics researching recent British economic history and varying governmental approaches to monetary policy.
'David Gowland, guru and myth-dispeller on monetary economics, has become "the authority" to many teachers concerning has monetary policy works ... The exposition is enviably lucid ...' - The Times Educational Supplement
'This blend of historical survey and economic analysis provides an excellent and ... readable guide to events and arguments for and against the policies successively adopted' - Public Money