| At school I had learned Keynsian theory and now I was being taught monetarism and supply side economics. |
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| The Alliance was a soft sensible centre, a safe haven between extremes of monetarism and unilateral disarmament. |
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| The policy was adopted in the 1980s, in part because extremist monetarism was then fashionable. |
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| The speech was aimed directly at the government's extremely austere fiscal stance and its almost fanatical adherence to monetarism. |
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| His views were much more subtle then straightforward monetarism, but they are scattered through his writings and not systematically integrated. |
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| During the late 1970s and the 1980s, it was replaced as the dominant economic theory by monetarism. |
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| In fact monetarism proved to be unworkable, because whichever indicator of money supply was used, other forms of money went out of control. |
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| Naturally, the question we're supposed to consider is framed in terms of Chicago School economics, the same people who gave us monetarism. |
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| The pact and monetarism in general have been designed to weaken workers rights. |
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| The economic theory known as monetarism holds that the money stock exerts an important influence on economic activity and prices. |
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| At school I had learned Keynsian theory and now I was being taught monetarism and supply-side economics. |
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| The shift to monetarism and the rejection of social reformism was not an unforeseen event that hit Labour from outside. |
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| Both Milton Friedman's theory of monetarism and the rational expectations school of macroeconomics challenged the effectiveness of activist monetary policy. |
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| Wapshott gives us no less than Milton Friedman, the father of monetarism, claiming himself something of an heir to Keynes. |
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| In my view, flexibility, liberalisation and monetarism are the one-sided aspects of this policy. |
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| Comrade Robertson and others have observed that monetarism as a doctrine has been completely discredited and Keynesianism is back in fashion. |
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| July 31 marks the centenary of the birth of the high priest of monetarism, Milton Friedman. |
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| That government slashed public spending and introduced monetarism. |
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| The other very important point is the impact of globalisation and the abrupt shift from structural monetarism to structural Keynesianism. |
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| The empirical debates have to do with such topics as monetarism, Keynesianism, inflation, market structure, rational expectations, and efficient institutions. |
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| If he were still alive, Milton Friedman, the leading advocate of monetarism, would have no problem in explaining this move. |
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| Variations of this position are found in monetarism, public choice theory, and the belief of some new classical economists that involuntary unemployment does not exist. |
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| The modern version of monetarism argues that if foreign central banks were committed to price stability, then a worldwide concerted assault on inflation would be successful. |
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| Similarly, central banks adopted monetarism with a fervor in the late 1970s and early 1980s, just as empirical evidence discrediting the underlying theories was mounting. |
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| Over the past two decades, however, Canadians have also been prone to buy into the merits of monetarism, lower levels of taxation and balanced budgets. |
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| It takes up elements of the monetarism of the 80s and 90s without taking account of its background. |
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| Today's world is functioning, therefore, under a long-term Keynesian system and no longer under monetarism. |
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| Policy choices made by Western governments, for example monetarism, mass unemployment, abandonment of policies for full employment, or the organisation of the total liquidity of financial markets. |
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| Such a policy should bring the overcautious monetarism of the ECB into perspective and should break with the neo-liberal principles of privatisation and undermining social protection. |
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| The single currency is therefore not at all a democratic asset for the citizens of Europe, but a powerful tool of monetarism, as can be seen from the recent increase in the rate of interest. |
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| She privatised state industries, refused to negotiate with the unions, abolished state controls, broke the striking miners and replaced Keynesianism with Friedman's monetarism. |
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| Real left-wing politics must give top priority to employment even in matters of economic policy, instead of to the dogmatic monetarism which currently dominates the EU and economic and monetary union. |
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| The ideologues of monetarism confidently maintained that economic crises could be minimized, if not eliminated, by adjusting the amount of money in the banking system along with interest rates. |
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| Nevertheless, even if these commitments and proposals were implemented in their present form, they would represent a significance shift away from global monetarism and towards democratic governance of the world community. |
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| While under monetarism as in the 1970s and 1980s, wage increases were the trigger for an inflationary spiral, they are now no more than the result of the balance of power between customers and companies. |
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| We have to set off along a new path, one that breaks with laissez-faire economics and monetarism, is based on an upward harmonisation of rights and wage levels and provides new impetus for quality development. |
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| For the first time for fifteen years, monetarism is on the defensive. |
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| Please do not dissipate that little spirit that we have succeeded in introducing into a Europe that is still swayed too strongly by questions of economic policy, trade policy and monetarism. |
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| Although this is correctly viewed as unconventional, it closely resembles the way monetary policy is described in most undergraduate textbooks, and is broadly similar to how it was conducted in the heyday of monetarism. |
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| The rigid and unsuccessful monetarism of the Stability Pact must be re-examined and discarded so that we might have a uniform policy which has prosperity as its primary objective. |
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| There are also arguments linking monetarism and macroeconomics, treating monetarism as a special case of Keynesian theory. |
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| In this view, while generally grounded in monetarism, future expectations and strategies are important for inflation as well. |
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| Alan is right that a return to Keynesianism could oppose our present obsession with a failing devotion to monetarism which is slowly destroying our society. |
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| Since 1990, the classical form of monetarism has been questioned. |
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| The contemporary transition from Keynesian economics to Chicago economics was analysed by Kaldor in The Scourge of Monetarism. |
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| Monetarism is an economic theory that focuses on the macroeconomic effects of the supply of money and central banking. |
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| Monetarism is a school of thought in monetary economics that emphasizes the role of governments in controlling the amount of money in circulation. |
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