[Review to:] Tim Lankester, Inside the Thatcher’s Monetarism Experiment. The Promise, the Failure, the Legacy, Policy Press, Cambridge, 2024, pp. 242.

In Inside the Thatcher’s Monetarism Experiment, Tim Lankester aims to delineate the intellectual origins of monetarism, with a particular focus on its appeal for Margaret Thatcher, arguing that curbing the growth of money supply in the UK as advocated by Milton Friedman and his pupils, has been “one of the most unsatisfactory episodes of economic policy-making of modern times”. This is not an unfounded judgment, especially in light of the fact that the author, Sir Tim Lankester, was Margaret Thatcher’s first private secretary for economic affairs.