Abstract
If monetarism in practice has failed to follow up lower inflation with the substantial job growth needed to tackle Britain’s mass unemployment in the 1980s, memories of the difficulties experienced with Keynesian policies remain clear and bright. So both the ‘old’ theory and the ‘new’ have, in practice, failed to yield all that might be hoped for.
‘The more the foundations … are shaken the more highflying and arbitrary will be the conflicting creeds.’—John Buchan (1928)
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© 1989 Robbie Gilbert
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Gilbert, R. (1989). Alternative Accounts. In: Employment in the 1990s. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-19726-2_8
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DOI: https://doi.org/10.1007/978-1-349-19726-2_8
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-0-333-46489-2
Online ISBN: 978-1-349-19726-2
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