The Free Economy and the Strong State
The Free Economy and the Strong State

Author: Andrew Gamble

Publisher: Duke University Press

Published: 1988

Total Pages: 280

ISBN-13: 9780822308904

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A new politics emerged in the 1970s in response to the world recession, the exhaustion of Fordism (the theory, traced to Henry Ford, that well-paid industrial workers fuel continuous capitalist growth), and the breakdown of American hegemony. Thatcherism, one expression of this new politics, acquired its distinctive characteristics through the exceptional and deep-seated crisis of state authority that developed in Britain in the mid-1970s. By 1987, the Conservatives under Thatcher's leadership had won their third successive election victory over a divided opposition and enjoyed a degree of political and ideological dominance that led many commentators to speak of the end of the socialist era and the emergence of a new consensus in Britain. A new word--Thatcherism--had entered the political lexicon. It has come to signify a broad-ranging and distinctive program aimed at promoting economic recovery through the privatization of public enterprise and restoring the authority of the state. The Free Economy and the Strong State explores the roots of Thatcherism and its relationship to the Conservative tradition, to the economic liberal ideology of the New Right, and to the "new politics" which emerged from the recession and crisis of the world order in the mid 1970s.

Thatcherism and British Politics
Thatcherism and British Politics

Author: Dennis Kavanagh

Publisher: Oxford University Press, USA

Published: 1990

Total Pages: 360

ISBN-13:

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Margaret Thatcher is the only 20th-century prime minister to have given her name to a style as well as a doctrine. Although the final balance sheet of the successes and failures of Thatcherism is yet to be tallied, this book places the government of Mrs. Thatcher in the perspective of postwar British politics. Here, Kavanagh describes how a postwar political consensus--covering full employment, welfare, conciliation of the trade unions, a mixed economy with state intervention, and social engineering--was established with the support of dominant groups in the Conservative and Labour parties. He then shows how that settlement broke down in the face of economic problems, changes in policies and personnel in the main parties, and the challenge to the intellectual bases of the consensus mounted by groups on the New Right. The book concludes with an insightful analysis of the government's record, and of prospects for a new consensus. Mrs. Thatcher has cited the breaking of the consensus as one of her primary political objectives, and in this penetrating study she emerges both as the architect of the collapse of consensus and as its product.

Britain and European Monetary Cooperation, 1964-1979
Britain and European Monetary Cooperation, 1964-1979

Author: Kiyoshi Hirowatari

Publisher: Springer

Published: 2016-09-23

Total Pages: 283

ISBN-13: 1137491426

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The collapse of the Bretton Woods system in the early 1970s resulted in a transition to fluctuating rather than fixed currency system. This brought sterling into the turmoil of the world currency markets, and by the end of the 1970s, sterling had quietly ended its role as an international currency. Sterling-dollar diplomacy collapsed, bringing to an end what had hitherto been considered Britain's prime relationship. Britain and European Monetary Cooperation, 1964-1979 provides a unique perspective on these events, shedding light on the complexities of the historical context of British monetary diplomacy and exploring the country's attempt at a European approach to sterling in the 1960s and '70s. The book describes the political and economic approach Britain took at the turn of the 1970s, and explains how the country became restricted by the burden of the sterling balances. In this book, the author illustrates how these developments offered opportunity for both cooperation and conflict in the light of monetary diplomacy. He demonstrates how Britain's struggle to achieve exchange rate stability, twinned with controversy over European Economic Community membership, finally prompted serious reconsideration of economic policy-making. This book challenges the commonly-held perception of the decline of sterling, and explains that, although Britain's attempt at a European approach failed, the decline of the currency was more complicated than a 'managed decline'.

Neoliberal Thought and Thatcherism
Neoliberal Thought and Thatcherism

Author: Robert Ledger

Publisher: Routledge

Published: 2017-12-01

Total Pages: 265

ISBN-13: 135198764X

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The premiership of Margaret Thatcher has been portrayed as uniquely ideological in its pursuit of a more market-based economy. A body of literature has been built on how a sharp turn to the right by the Conservative Party during the 1980s - inspired by the likes of Milton Friedman and Friedrich Hayek - acted as one of the key stepping stones to the turbo-charged capitalism and globalization of our modern world. But how ‘neoliberal’ was Thatcherism? The link between ideas and the Thatcher government has frequently been over-generalized and under-specified. Existing accounts tend to characterize neoliberalism as a homogeneous, and often ill-defined, group of thinkers that exerted a broad influence over the Thatcher government. In particular, this study explores how Margaret Thatcher approached special interest groups, a core neoliberal concern. The results demonstrate a willingness to utilize the state, often in contradictory ways, to pursue apparently more market orientated policies. This book - through a combination of archival research, interviews and examination of neoliberal thought itself - defines the dominant strains of neoliberalism more clearly and explores their relationship with Thatcherism.

Class, Politics, and the Decline of Deference in England, 1968-2000
Class, Politics, and the Decline of Deference in England, 1968-2000

Author: Florence Sutcliffe-Braithwaite

Publisher: Oxford University Press

Published: 2018-03-01

Total Pages: 378

ISBN-13: 0192540726

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In late twentieth-century England, inequality was rocketing, yet some have suggested that the politics of class was declining in significance, while others argue that class identities lost little power. Neither interpretation is satisfactory: class remained important to 'ordinary' people's narratives about social change and their own identities throughout the period 1968-2000, but in changing ways. Using self-narratives drawn from a wide range of sources - the raw materials of sociological studies, transcripts from oral history projects, Mass Observation, and autobiography - the book examines class identities and narratives of social change between 1968 and 2000, showing that by the end of the period, class was often seen as an historical identity, related to background and heritage, and that many felt strict class boundaries had blurred quite profoundly since 1945. Class snobberies 'went underground', as many people from all backgrounds began to assert that what was important was authenticity, individuality, and ordinariness. In fact, Sutcliffe-Braithwaite argues that it is more useful to understand the cultural changes of these years through the lens of the decline of deference, which transformed people's attitudes towards class, and towards politics. The study also examines the claim that Thatcher and New Labour wrote class out of politics, arguing that this simple - and highly political - narrative misses important points. Thatcher was driven by political ideology and necessity to try to dismiss the importance of class, while the New Labour project was good at listening to voters - particularly swing voters in marginal seats - and echoing back what they were increasingly saying about the blurring of class lines and the importance of ordinariness. But this did not add up to an abandonment of a majoritarian project, as New Labour reoriented their political project to emphasize using the state to empower the individual.

The making of Thatcherism
The making of Thatcherism

Author: Philip Begley

Publisher: Manchester University Press

Published: 2020-05-15

Total Pages: 290

ISBN-13: 1526131323

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The making of Thatcherism examines the Conservative Party’s period in opposition between 1974 and 1979, focusing on the development of key policy on issues from the economy, to immigration, to Scottish Devolution. Offering a detailed analysis of Conservative Party policy during this period, from the point at which it had last been in government to the point at which it subsequently regained power, this book helps us to understand the significance of the Conservative victory in 1979: What exactly did more than 13 million Britons vote for in May of that year? This period is typically viewed as one of dramatic change within the Conservative party; however, Begley argues that policy changes were more modest and complex than has been previously considered. Focusing on the short-term political context, Begley argues that though the roots of Thatcherism were beginning to emerge in the party, Thatcherism does not appear to have been inevitable in policy terms by 1979. Providing an overview of the intellectual, economic, and social contexts, Philip Begley examines the range of factors driving the Conservative Party’s development of policy.

The Neoliberal Age?
The Neoliberal Age?

Author: Aled Davies

Publisher: UCL Press

Published: 2021-12-07

Total Pages: 396

ISBN-13: 178735685X

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The late twentieth and early twenty-first centuries are commonly characterised as an age of ‘neoliberalism’ in which individualism, competition, free markets and privatisation came to dominate Britain’s politics, economy and society. This historical framing has proven highly controversial, within both academia and contemporary political and public debate. Standard accounts of neoliberalism generally focus on the influence of political ideas in reshaping British politics; according to this narrative, neoliberalism was a right-wing ideology, peddled by political economists, think-tanks and politicians from the 1930s onwards, which finally triumphed in the 1970s and 1980s. The Neoliberal Age? suggests this narrative is too simplistic. Where the standard story sees neoliberalism as right-wing, this book points to some left-wing origins, too; where the standard story emphasises the agency of think-tanks and politicians, this book shows that other actors from the business world were also highly significant. Where the standard story can suggest that neoliberalism transformed subjectivities and social lives, this book illuminates other forces which helped make Britain more individualistic in the late twentieth century. The analysis thus takes neoliberalism seriously but also shows that it cannot be the only explanatory framework for understanding contemporary Britain. The book showcases cutting-edge research, making it useful to researchers and students, as well as to those interested in understanding the forces that have shaped our recent past.