The Grand Experiment: Mrs. Thatcher's Economy And How It Spread, 1st Edition (e-Book) book cover

The Grand Experiment

Mrs. Thatcher's Economy And How It Spread, 1st Edition

By Christopher Johnson


342 pages

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Hardback: 9780367292638
pub: 2019-12-17
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First published in 1991. In this volume, the author states that is not an economic history or 'an economic analysis, although it draws upon both disciplines. However, it is an attempt at political economy. It surveys the economic policies of the Thatcher Conservatives, from their intellectual origins in Opposition to their formulation in government papers and their implementation through three terms of office. It seeks to judge the appropriateness of the policies, the competence of their execution and the degree of their success in achieving the desired effects. Johnson confirms that possible alternative policies are not discussed in detail, and we can now never know how they would have turned out. Appraisal of the Thatcher Government's policies, however, inevitably implies something about what the alternatives might have been, particularly those alternatives that members of the Government themselves seriously contemplated.

Table of Contents

1 Economic growth: can one succeed without really trying? 2 Inflation: the monetarist experiment that was never tried, 3 Public expenditure: the enemy country, 4 Taxation: piecemeal reform of the system, 5 Privatization: progress on some fronts, 6 Industrial performance: miracle or mirage? 7 Labour: the market that didn't work, 8 Conclusions: the curate's egg

About the Author

Christopher Johnson

Subject Categories

BISAC Subject Codes/Headings:
HISTORY / General