Lawson Doctrine

E507440

The Lawson Doctrine is an economic policy principle associated with former UK Chancellor Nigel Lawson, emphasizing the importance of controlling inflation through monetary policy while allowing market forces greater freedom in shaping the economy.

All labels observed (1)

Label Occurrences
Lawson Doctrine canonical 1

How this entity was disambiguated

Statements (29)

Predicate Object
instanceOf economic policy principle ⓘ
monetary policy doctrine ⓘ
advocates liberalization of markets ⓘ
reduced state intervention in the economy ⓘ
appliedDuring Nigel Lawson’s tenure as Chancellor of the Exchequer ⓘ
associatedWith Nigel Lawson ⓘ
contrastsWith high levels of direct government economic management ⓘ
country United Kingdom ⓘ
emphasizes importance of monetary policy for inflation control ⓘ
monetary policy as primary tool for macroeconomic stabilization ⓘ
focusesOn controlling inflation ⓘ
goal greater role for market mechanisms in resource allocation ⓘ
low and stable inflation ⓘ
historicalContext post-1970s high inflation in the UK ⓘ
implementedInContextOf Conservative government economic reforms in the 1980s ⓘ
influenced subsequent UK discussions on monetary versus fiscal dominance in policy ⓘ
influencedBy Thatcherism ⓘ
monetarism in the UK ⓘ
linkedToDebate extent of deregulation in financial and product markets ⓘ
trade-off between inflation and unemployment ⓘ
policyInstrument control of money supply ⓘ
interest rate policy ⓘ
policyScope inflation targeting in practice, though not always formally named as such ⓘ
macroeconomic stabilization ⓘ
relatedTo free-market economics ⓘ
monetarist economic ideas ⓘ
supports greater freedom for market forces ⓘ
timePeriod 1980s ⓘ
viewsStateRoleAs setting monetary framework rather than directing markets ⓘ

How these facts were elicited

Referenced by (1)

Full triples — surface form annotated when it differs from this entity's canonical label.

Nigel Lawson → notableIdea → Lawson Doctrine ⓘ