Tim Congdon is one of the world's leading monetary analysts. After starting his career as a journalist on The Times, he became an economist in the City of London in 1976. He founded the economic research consultancy, Lombard Street Research, in 1989 after correctly warning that the excessive money growth during the Lawson Chancellorship would lead to double-digit inflation. Between 1992 and 1997 he was a member of the Treasury Panel (the so-called 'wise men') which advised the British government in a successful period for economic policy-making. He left Lombard Street Research in 2005, to create more time for writing up his theories. He set up International Monetary Research Ltd. in 2009, while continuing his writings. Following Keynes, the Keynesians and Monetarism, which appeared in September 2007, his latest book, Money in a Free Society, was published in November 2011. ('Press here to see the cover of 'Money in a Free Society'.)
Tim Congdon is a controversial figure in British economic policy-making, because of his consistent advocacy of the importance of money and banking to macroeconomic outcomes. He has been a visiting professor at two universities and published numerous academic papers. He was appointed CBE (Commander of the British Empire) in 1997 for services to economic debate.
"Tim Congdon has been Britain's leading monetarist for about three decades... He has a sharp eye for statistics, for history, for the twists and flows of intellectual fads, and for the political arena where debate hardens suddenly into the stone of decision. He is subtle, practical, bellicose and highly articulate. This volume is vintage Congdon in every sense."
- Professor Peter Sinclair, in a review in The Business Economist of Tim Congdon's 2007 book Keynes, the Keynesians and Monetarism