This book is a survey of macroeconomic policy in Britain in the 1970s and 1980s, and argues that there were important elements of continuity in the way decisions were actually taken year-by-year and month-by-month in the Treasury and the Bank of England in this period. The book contains a chronological account of policy actions and their setting, a history of ideas, describing the most influential writings of economists in Britain during this period, a look at the influence of the world economy on Britain, and several elements of new statistical analysis.