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How to end the "monetarist" controversy : a journalist's reflections on output, jobs, prices and money

Author: Samuel Brittan
Publisher: London : Institute of Economic Affairs ; Central Islip, N.Y. : Transatlantic Arts, sole distributor for the U.S.A., 1981.
Series: Hobart paper, 90.
Edition/Format:   Print book : EnglishView all editions and formats
Database:WorldCat
Summary:
The biggest contribution financial policy can make to both high employment and low inflation is to keep total spending on a steady path without drastic leaps or falls. Focussing on MOney GDP as the ultimate target renders the precise definition of 'money' a secondary issue and is easier for people to understand than the bewildering variety of money and credit measures. It provides a bridge between Freidmanites and  Read more...
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Document Type: Book
All Authors / Contributors: Samuel Brittan
ISBN: 0255361440 9780255361446
OCLC Number: 7831902
Notes: Distributor from label on t.p.
Description: 132 pages : illustrations ; 22 cm.
Series Title: Hobart paper, 90.
Responsibility: Samuel Brittan.

Abstract:

The biggest contribution financial policy can make to both high employment and low inflation is to keep total spending on a steady path without drastic leaps or falls. Focussing on MOney GDP as the ultimate target renders the precise definition of 'money' a secondary issue and is easier for people to understand than the bewildering variety of money and credit measures. It provides a bridge between Freidmanites and Keynesians in retaining managment of monetary demand without attempting to guarantee real demand irrespective of the wage and price levels sought by producer groups.

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