This second volume to Smith's "The Rise and Fall of Monetarism" details the conflicts which arose as a result of the divisions between the principles advocated by the monetarists, the Keynesians, the Europeans and the cynics whose voices influenced the management of the British economy in the last decade. The author provides portraits of Thatcher, Lawson, Sir Alan Walters, John Major, Norman Lamont and others responsible for the parlous state of the British economy.