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Milton Friedman and U.K. Economic Policy: 1938−1979

This paper analyzes the interaction of Milton Friedman and U.K. economic policy from 1938 to 1979. The period under study is separated into 1938−1946, 1946−1959, 1959−1970, and 1970−1979. For each of these subperiods, I consider Friedman’s observations on and dealings with key events, issues, and personalities in U.K. monetary policy and in general U.K. economic policy.

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