Economic Policy in Britain
In: Contemporary Political Studies
Cover -- Half Title -- Title -- Copyright -- Contents -- List of Tables -- Preface -- Introduction -- Key issues and disputes in British economic policy -- How different is New Labour? -- Globalization and the autonomy of the nation state -- Structure of the book -- 1 From the Postwar Settlement to Thatcherism -- Introduction -- The Second World War and modern macroeconomic policy -- Periods of economic policy -- Greater prosperity: Keynesianism, Butskellism and Robot -- The Brighton Revolution and the shift in economic policy -- The failure of modernization and a period of transition -- A new political settlement? -- The Major government -- New Labour -- 2 Globalization and Europeanization -- Introduction -- Three perspectives on globalization -- Europeanization of economic policy -- The Blair government and globalization -- Global economic governance -- 3 Economic Theory and Economic Policy -- Introduction -- The market and the state -- Market failure -- Government failure -- A challenged paradigm: relative economic decline -- Keynesianism -- Thatcherism -- The depoliticization thesis -- 4 Monetary Policy -- Introduction -- Monetary policy in the 1950s and 1960s -- The 1970s: a period of transition -- The 1980s: the disappointment of monetarism -- The 1990s: the ERM episode -- The development of EMS and EMU -- The case for economic and monetary union considered -- The case for and against British membership -- The management of entry -- The role of the European Central Bank -- 5 Public Expenditure and Taxation -- Introduction -- Long-term trends in public expenditure and taxation -- The control of public expenditure -- Devolution and the Barnett formula -- Taxation and the budget -- Taxation and expenditure under the Blair government -- 6 The Supply Side and Competitiveness -- Introduction -- Competition policy -- Transport -- Skill formation.