Abstract
Undergraduate-level introduction to the transformation of the British economy since 1939. Argues that the Thatcherite view of the period 1945-79 as one of failure is not borne out. However, Britain did fail to develop the necessary institutions to support a Keynesian social democratic economy and stem its relative economic decline. After 1979 this problem was addressed, but via a neo-liberal solution that, whilst it reversed relative economic decline, may prove to have deleterious consequences in the long-term.
| Translated title of the contribution | The transformation of the economy |
|---|---|
| Original language | English |
| Title of host publication | A Companion to Contemporary Britain, 1939-2000 |
| Editors | Paul Addison, Harriet Jones |
| Publisher | Blackwell Publishers |
| Pages | 180 - 202 |
| Number of pages | 22 |
| ISBN (Print) | 0631220402 |
| Publication status | Published - 2005 |