This is an analysis of the social, political, and economic arrangements in Britain, which the author asserts have become out-of-date. He argues that the weaknesses of the economy cannot be divorced from the problems in the rest of society. He makes a critique of Britain's institutions and argues that we have an 18th-century state dealing with 20th-century issues.
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Will Hutton has been economics editor of the Guardian since 1990. A former stockbroker, he spent ten years with the BBC, and from 1983 to 1988 was economics correspondent for BBC2's Newsnight. He was nominated Political Journalist of the Year by Granada TV's What the Papers Say for his coverage of the 1992 ERM crisis. His book on Keynesian economics, The Revolution that Never Was, was published in 1986. He is a member of the governing council for the Policy Studies Institute, the Institue for Political Economy and Charter 88. He is on the editorial board of New Economy and is a governor of the London School of Economics.
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