Suchergebnisse

This paper reviews the main features of the supply-side policies pursued by the Thatcher Government in Britain between 1979 and 1990. It examines the performance of the real economy relative to historical and international trends and discusses the characteristics of a successful supply-side program. It concludes that, while the Thatcher era has yielded important economic benefits, the prerequisites for a sustained increase in the trend rate of output and productivity growth may not have been satisfied.

Monetarism has been an essential ingredient of the Thatcher decade. Has it been a successful guide to monetary policy? Nigel Healey, of Leicester University, describes the development of monetarism in Britain in the 1980s and reviews its successes and failures.

Nigel Healey, of Leeds Polytechnic, argues that Britain should join the Exchange Rate Mechanism of the European Monetary System. He claims that the EMS would provide an anchor for economic policy in the absence of effective targets for monetary growth.

An examination of the Government's record suggests that although monetarist theory may survive intact. Mr Lawson has turned from monetarism to Keynesion counter‐cyclical demand management. Nigel Healey, Senior Lecturer in Economics at Leeds Polytechnic, charges that developments presented as technical adjustments conceal a fundamental change of direction in economic policy.

This paper explores the phenomenon of barter exchanges, which have become widespread in the United States and provide small retailers and service companies with a means of trading goods or services directly with each other. Using a case study approach in the United States, the papers examines the mechanics of barter exchanges and the advantages and disadvantages to its users in the small business sector. It then considers the spread of barter exchanges to Europe and, using a questionnaire survey, identifies a range of obstacles to the successful transfer of this US model.

Nigel Healey and Bob Leach of Leeds Polytechnic Policy Research Unit put the current controversies over local government into historical perspective.