Sir Alan Arthur Walters (17 June 1926 – 3 January 2009) was a British economist who was best known as the Chief Economic Adviser to Prime Minister Margaret Thatcher from 1981 to 1983 and (after his return from the United States) again for five months in 1989.
He failed his 11-Plus and attended Alderman Newton's School in Leicester, leaving at fifteen to work as a machine operator in a shoe factory.
He was one of the first British economists to argue that money was "of considerable importance" to economic activity, a view that became more widespread during "the Great Inflation" of the 1970s.
[citation needed] He argued forcefully that Britain should maintain strict monetary targets, and that the money supply should not be manipulated for political reasons.
[4] He did, however, return to advise Thatcher in 1989, but his differences with the policies of the Chancellor of the Exchequer, Nigel Lawson, led to the resignation of both men on 26 October 1989.