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Kathleen Burk - Goodbye, Great Britain - The 1976 IMF Crisis-Yale University Press (2022) by jerweber is a document available to read on EtoBox.
The 1976 IMF crisis in Britain marked a watershed in postwar economic policy. It broke down the postwar consensus on maintaining full employment as the top priority, and control of inflation became the main focus. The causes and cures of inflation also came to be seen differently, with monetarists arguing inflation was due to too much money supply rather than excess demand. This shifted emphasis to monetary policy over fiscal policy. The crisis was therefore over priorities and ideology, not just finances,
- Author
- jerweber
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- EN