Sterling: A Plea For Moderation - Douglas JaySidgwick & Jackson, 1985, Hardback in Dust Wrapper.
Condition: Very Good — in Very Good Dustwrapper.
From the cover: “The price of full employment is not escalating inflation, contends Douglas Jay in this exhaustive and stimulating scrutiny of Sterling. Emphatically disputing the conventional wisdoms of the monetarists, the author offers solutions — controversial, but soundly argued — to Britain’s current economic dilemma. To understand today’s problems it is worth tracing both the history of Sterling and its relationship with the currencies and banking systems of other nations, particularly the U.S.A. Analysing what he perceives to be the fallacies of dogmatic monetarism Jay goes on to advocate moderation on both sides of the political fence: neither uncontrolled collective bargaining nor monetary deflation. An attempt at economic law and order rather than rule of force, and the development of a workable incomes policy might be the answer to Sterling’s current crisis.”