A Major Crisis?: The Politics of Economic Policy in Britain in the 1990s
Dartmouth Publishing Company, 1995 - Business & Economics - 240 pages
This book analyzes the Major governments in the context of the global political economy. In contrast to the extensive literature on the Thatcher period, commentators have been very cautious in interpreting British politics in the early 1990s. The specific focus is on the politics of economic policy, which is raised in theoretical and policy terms.
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approaches to contemporary political economy
THE POLITICS OF MONETARISM
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accumulation approach argued attempt authorities balance banks benefits billion boom Britain British capital capitalist cent central changes chapter claim competitive Conservative continued costs countries crisis currency debt decline deficits demand dollar domestic early economic policy effect election Europe European example exchange rate exist expenditure forced further global government's growth housing important income increase individual industrial inflation interest investment Italy John Keynesian labour labour market London Major Marxism means monetary particular Party payments period political position pound pressure problems productivity profits proposals recession reduce regulation relations relationship responsibility restructuring result rise role sector social society speculative spending sterling Thatcher trade union unemployment unit wage welfare workers