Abstract
The policies now being applied in Britain have been pursued with varying degrees of emphasis for the greater part of the past century. The current combination of monetarist deflation and an overvalued currency is of course most closely paralleled by the return to the Gold Standard from 1925–31, but it has been the mainspring of economic policy over much of the period since it first came to prominence in the aftermath of the Napoleonic Wars.
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Notes and References
Lord Kaldor, ‘Money Supply and PSBR; Are We Worshipping False Gods?’, The Times, Resolution: Global 6 August 1980.
W. Greenwell & Co., Monetary Bulletin No. 105 Resolution: Global (1980).
R. Bacon and W. Eltis, Britain’s Economic Problems Too Few Producers (London: Macmillan, 1976).
F. W. Taussig, Tariff History of the United States (New York: Putnam, 1888; 8th edn, 1932).
F. A. Ogg and W. R. Sharp, Economic Development of Modern Europe (New York: Macmillan, 1928) p. 685.
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© 1981 Bryan Gould, John Mills and Shaun Stewart
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Gould, B., Mills, J., Stewart, S. (1981). False Trails. In: Monetarism or Prosperity?. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-16510-0_6
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DOI: https://doi.org/10.1007/978-1-349-16510-0_6
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