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"Great Britain Economic policy 1979-1997."
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Globalization and varieties of capitalism : New Labour, economic policy and the abject state
\"This book is a study of Britain as a capitalism poised between American and European models. It explores themes of legitimation, denial and opportunism via a series of substantial case studies framed by a reinterpretation of Thatcherism's economic contexts and a critical assessment of New Labour\"--Provided by publisher.
Book
Ideas and Economic Crises in Britain from Attlee to Blair (1945-2005)
During the period from 1945 to 2005, Britain underwent two deep-seated institutional transformations when political elites successfully challenged the prevailing wisdom on how to govern the economy. Attlee and Thatcher were able to effectively implement most of their political platforms. During this period there were also two opportunities to challenge existing institutional arrangements. Heath's 'U-turn' in 1972 signalled his failure to implement the radical agenda promised upon election in 1970, whilst Tony Blair’s New Labour similarly failed to instigate a major break with the 'Thatcherite' settlement.
Rather than simply retell the story of British economic policymaking since World War II, this book offers a theoretically informed version of events, which draws upon the literatures on institutional path dependence, economic constructivism and political economy to explain this puzzle. It will be of great interest to both researchers and postgraduates with an interest in British economic history and the fields of political economy and economic crisis more widely.
eBook
Austerity as public mood : social anxieties and social struggles
'Austerity as Public Mood' explores how politicians and the media mobilise nostalgic and socially conservative ideas of work and community in order to justify cuts to public services and create divisions between the deserving and undeserving. It examines the powerful appeal of these concepts as part of a wider public mood marked by guilt, nostalgia and resentment - particularly around the inequalities produced by global capitalism and changes to the nature of work. In doing so, the book engages with urgent questions about the contemporary political climate.
Book
Seeking a premier economy
In the 1980s and 1990s successive United Kingdom governments enacted a series of reforms to establish a more market-oriented economy, closer to the American model and further away from its Western European competitors. Today, the United Kingdom is one of the least regulated economies in the world, marked by transformed welfare and industrial relations systems and broad privatization. Virtually every industry and government program has been affected by the reforms, from hospitals and schools to labor unions and jobless benefit programs. Seeking a Premier Economy focuses on the labor and product market reforms that directly impacted productivity, employment, and inequality. The questions asked are provocative: How did the United Kingdom manage to stave off falling earnings for lower paid workers? What role did the reforms play in rising income inequality and trends in poverty? At the same time, what reforms also contributed to reduced unemployment and the accelerated growth of real wages? The comparative microeconomic approach of this book yields the most credible evaluation possible, focusing on closely associated outcomes of particular reforms for individuals, firms, and sectors.
eBook
Expansionary fiscal contraction : the Thatcher government's 1981 budget in perspective
\"In its 1981 Budget, the Thatcher government discarded Keynesian counter-cyclical policies and cut Britain's public sector deficit in the depths of the worst UK recession since the 1930s. Controversially, the government argued that fiscal contraction would produce economic growth. In this specially commissioned volume, contributors examine recently released archives alongside firsthand accounts from key players within No. 10 Downing Street, HM Treasury and the Bank of England, to provide the first comprehensive treatment of this critical event in British economic history. They assess the empirical and theoretical basis for expansionary fiscal contraction, drawing clear parallels with contemporary debates on austerity in Europe, USA and Japan in the wake of the recent global financial crisis. This timely and thoughtful book will have broad appeal among economists, political scientists, historians and policy makers\"-- Provided by publisher.
Book
The British economy in transition: from the old to the new?
The British Economy in Transition: From the Old to the New? examines attempts at economic regeneration in areas that have experienced the decline in 'traditional' industry of recent years. The contributors also look at the impact of techno and managerial modernization strategies in industries that have survived, but have had to adapt rapidly to do
eBook
Thatcher's progress : from social democracy to market liberalism through an English new town
During the quarter of a century after the Second World War, the United Kingdom designated thirty-two new towns across England, Scotland, Wales, and Northern Ireland. Why, even before selling council houses or denationalising public industries, did Margaret Thatcher's government begin to privatise these new towns? By examining the most ambitious of these projects, Milton Keynes, Guy Ortolano recasts our understanding of British social democracy, arguing that the new towns comprised the spatial dimension of the welfare state. Following the Prime Minister's progress on a tour through Milton Keynes on 25 September 1979, Ortolano alights at successive stops to examine the broader histories of urban planning, modernist architecture, community development, international consulting, and municipal housing. Thatcher's journey reveals a dynamic social democracy during its decade of crisis, while also showing how public sector actors begrudgingly accommodated the alternative priorities of market liberalism.
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Free Market Conservatism (Routledge Revivals)
First published in 1984, this book carefully dissects and convincingly demonstrates that conservative economics is incoherent in theory and disastrous in practice. The three main schools of thought supporting \"free-market\" policies – supply side economics, monetarism and rational expectations – are examined in turn and each is found defective. Three case studies of conservative policy in action follow: Reagan’s U.S., Thatcher’s U.K. and Pinochet’s Chile and their courses are charted in depth. In addition, Robert Heilbroner and Edward Nell analyse economic conservatism’s ideology and social policy, and the book concludes with an assessment of the political reasons for the continuing appeal of free-market conservatism despite its theoretical incoherence and practical failure.
This is a careful and comprehensive look at this subject which tackles both the theory and the practice head-on. It will make useful and stimulating reading for students of economics and political economy on courses of economic policy and macro-economics and in addition will be of keen interest to all those involved in the debate about one of the major policy issues of our time.
eBook
Governance, The State, Regulation and Industrial Relations
This book examines the legacy of economic and political aims and objectives formulated by the British government during, and immediately after the second world war. It examines contemporary patterns of regulation by the state, and reform in the industrial relations system as factors of these historically embedded influences. This book makes an important contribution to the history and theory of British post-war economics.
eBook