The elections of Bill Clinton and Tony Blair in the 1990s saw the consolidation and completion of critical aspects of the Reagan-Thatcher fiscal agenda. This impressive book critically analyzes this process. It has been previously thought that this process of adopting common fiscal policies was caused by economic integration and globalization, Fiscal Policy From Reagan to Blair reveals a much more comprehensive explanation - one that includes domestic factors. Whether fiscal policy conversion is seen as a good or a bad thing, this book shall unite both left and right in better explaining the process. Students and academics of international political economy, public policy and politics will find this book to be a good addition to their reading lists.
Ravi K. Roy is Visiting Research Fellow at the Claremont Institute for Economic Policy, USA. Arthur T. Denzau is Economics Department chair and Dean of the School of Politics and Economics at the Claremont Institute for Economic Policy, USA.