economics lecture note

economics lecture note - Economics, lecture 10 10.12.2009...

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Economics, lecture 10 – 10.12.2009 – Thatcher Monetarism and Supply side Economics LECTURE NOTES Question about Thatcher Monetarism in the exam in January!!! Margaret Thatcher (Prime minister during 1979-1990) - Ideologically driven - She believed in principles like: traditional conservatism and neo-liberalism - She was a radical in Economics, she wanted change - She was influenced by Friedman, Hijack and Adam Smith - She argued that state intervention caused the relative decline of the British economy - She believed in individuals - She wants to roll back the state - Control inflation through … - Supply side Economics - She accepted the consequences of - She was the prime minister who rejected Keynesian Economics - She was elected on a monetarism ticket - Look on commanding heights - She rejected the idea of a welfare state and tried to change that situation - A big battle between her and the trade unions. She wins that battle. -
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This note was uploaded on 02/23/2012 for the course ECO 1310 taught by Professor Staff during the Fall '10 term at Texas State.

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economics lecture note - Economics, lecture 10 10.12.2009...

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