The Conservatives Economic Policy Routledge Revivals

What happened to economic policy during the first five years of Mrs Thatcher’s government? Most commentators have emphasised the radical changes wrought in economic theory and policy over the period from 1979. The left saw this as heralding the introduction of the social market economy and authoritarian populism, the right saw it as evangelical monetarism and a new beginning. This book, first published in 1986, challenges the notion that there was a revolution in economic policy making. It emphasises the constraints on economic policy formation and the ironies that these have thrown up with respect to the Conservatives’ attempts at changing the course of the economy. The book argues that the Thatcher government had not been able to implement a great deal of its rhetoric. This book is ideal for students of economics and politics.

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.

Since the 1880s, the Conservative Party has been an important political force in Britain. In this study of Conservative ideology since the end of Second World War, first published in 1974, Andrew Gamble considers the nature of Conservative party opinion, and the factors that have accounted for its success. The adaptation of the party post-1945 is discussed, as well as the ascendancy of the Right progressives in the leadership, and the challenge of the Whigs and Imperialists. Finally, the book includes a discussion of the fluctuations within the Conservative Government between 1970 and 1974, with an account of what Gamble believes to have been ultimately a failure. A rigorous and comprehensive analysis of Conservative thought and policy, this study will be of particular value to those with an interest in the history of British Conservative politics and government.

First published in 1991, this is a reissue of the path-breaking Dictionary of Conservative and Libertarian Thought, the first book to examine the ideals and arguments produced by the intellectual traditions of both conservatism and classical liberalism. Covering the ideas of many such distinguished thinkers as Hayek, Scruton, Friedman and Buchanan, the volume provides a valuable survey of the historical development of both schools of thought in all of the major western countries and their contributions to contemporary debates. From American Conservatism to French Liberalism, Invisible Hand to Organic Society, from Scientism to Scepticism and Utopianism to Voluntarism, this is a vital work whose reissue will be welcomed as much by the keen layperson as by students of political science, the history of philosophy, economics and public policy.

First published in 1977, this is an applied economics text, in which the basic theory of any introductory economics couurse is applied to a whole range of UK macro- and micro-economic policy issues. The book is designed specifically for first and second year university students, with the aim of demonstrating the relevance of theory to policy, how theory can be applied to policy problems and, in the process, to improve their understanding of the theory itself.

First published in 1973, The Psychology of Conservatism explores attitudes, their measurement, their structure and dynamics, and the personality traits apparently underlying attitude patterns. It examines the link between differing attitudes and discusses characteristic patterns and syndromes. The book focuses on the origins and dynamics of a major factor called "liberalism – conservatism" which is found to account for much of the variance in attitudes amongst different people. Contributors review previous studies relating to personality and attitude before engaging in new studies and proposing their own theories to explain the conservative attitude. The book introduces provocative theoretical ideas and provides a valuable examination of an important psychological and social attitude syndrome. This book will be of interest to researchers in personality and social psychology, sociology and political science and education.

In his new book, economist Dean Baker debunks the myth that conservatives favor the market over government intervention. In fact, conservatives rely on a range of "nanny state" policies that ensure the rich get richer while leaving most Americans worse off. It's time for the rules to change. Sound economic policy should harness the market in ways that produce desirable social outcomes - decent wages, good jobs and affordable health care. Dean Baker is co-director of the Center for Economic and Policy Research.

Originally published in 1987 to commemorate the 40thanniversary of the Marshall Plan, this fascinating collection of essays, from an eminent ‘insider’ to the Marshall Plan, combines economics, politics and history to provide authoritative and personal insights into the creation of one of the greatest foreign aid programmes of the twentieth century. Any reader interested in the Marshall Plan itself, the inner workings of a major act of US foreign policy, and its many economic, political and historical facets will welcome the reissue of this valuable book from one of America’s most distinguished economists.

First published in 1991, this is a reissue of the path-breaking Dictionary of Conservative and Libertarian Thought, the first book to examine the ideals and arguments produced by the intellectual traditions of both conservatism and classical liberalism. Covering the ideas of many such distinguished thinkers as Hayek, Scruton, Friedman and Buchanan, the volume provides a valuable survey of the historical development of both schools of thought in all of the major western countries and their contributions to contemporary debates. From American Conservatism to French Liberalism, Invisible Hand to Organic Society, from Scientism to Scepticism and Utopianism to Voluntarism, this is a vital work whose reissue will be welcomed as much by the keen layperson as by students of political science, the history of philosophy, economics and public policy.

First published in 1990, this book was intended as a counter to the rising and continued strength of the New Right and an attempt to bolster the perceived weakness of the opposition — providing a critical discussion of New Right ideology and also of the more influential Left reactions to them. The contributors scrutinise the attempts to reconstruct the idea of socialism in the 1990s, and pinpoint the relation of socialism to freedom, equality and the market. In the course of this searching evaluation, they also take up issues relating more directly to specific policy areas such as monetary policy and international finance, secondary education, social welfare, and race relations.