Synopsis
First published in 1991. In this volume, the author states that is not an economic history or 'an economic analysis, although it draws upon both disciplines. However, it is an attempt at political economy. It surveys the economic policies of the Thatcher Conservatives, from their intellectual origins in Opposition to their formulation in government papers and their implementation through three terms of office. It seeks to judge the appropriateness of the policies, the competence of their execution and the degree of their success in achieving the desired effects. Johnson confirms that possible alternative policies are not discussed in detail, and we can now never know how they would have turned out. Appraisal of the Thatcher Government's policies, however, inevitably implies something about what the alternatives might have been, particularly those alternatives that members of the Government themselves seriously contemplated.
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The Grand Experiment : Mrs. Thatcher's Economy And How It Spread
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Westview Press, United Kingdom, 1993
ISBN 10: 0813319145
ISBN 13: 9780813319148
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paperback. Condition: Very Good. No Jacket. 1st Edition. paperback, glaze a little crazed to front cover else a very good tightly bound copy with a clean and unmarked text, 341pp. Seller Inventory # 240811
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The Grand Experiment: Mrs. Thatcher's Economy And How It Spread
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The Grand Experiment; Mrs. Thatcher's Economy And How It Spread
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Westview Press, Boulder, CO, 1993
ISBN 10: 0813319145
ISBN 13: 9780813319148
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First Edition
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Seller: Ground Zero Books, Ltd., Silver Spring, MD, U.S.A.
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Trade paperback. Condition: Very good. xiv. 5-341 pages. Preface. Author's Preface to the American Edition. List of Figures. List of Tables. Illustrations. References. Further Reading. Index. Signed by the author on the title page. The cover has minor wear and soiling. Among the topics addressed are Economic Growth, Inflation, Pubic Expenditure, Taxation, Privatization, Industrial Performance, the Labor market, and Margaret Thatcher's style. From the original Preface: This is not an economic history or 'an economic analysis, although it draws upon both disciplines. It is an attempt at political economy. It surveys the economic policies of the Thatcher Conservatives, from their intellectual origins in Opposition to their formulation in government papers and their implementation through three terms of office. It seeks to judge the appropriateness of the policies, the competence of their execution and the degree of their success in achieving the desired effects. Possible alternative policies are not discussed in detail, and we can now never know how they would have turned out. Appraisal of the Thatcher Government's policies, however, inevitably implies something about what the alternatives might have been, particularly those alternatives that members of the Government themselves seriously contemplated. Although Mrs. Thatcher herself was at all times the dominant figure in formulating and carrying out her Government's policies, she was the leader of a team with similar ideas, whose members held key posts. It is the actions and words of departmental ministers acting in her name, as much as her own words and actions, that therefore form the subject-matter of the book. Indeed, the source material for what the Prime Minister and her policy unit and key advisers were saying and thinking is scanty compared with the official papers and speeches of the main departments and their ministers. Some of Mrs. Thatcher's remarks were in any case more by way of personal opposition to the line that she had resigned herself to allowing her Government to take. My work as a specialist adviser to the Treasury Committee, covering every Budget and Autumn Statement since late 1983, has given me a precious insight into the policy making process. I here acknowledge the encouragement I have had from the two chairmen of the Committee, Sir Edward Du Cann (1979-83) and Terence Higgins (1983-), and the other members. The Committee's judgments, which seek to be tripartisan as far as possible, comment like a Greek chorus on the tragicomedy of the Government's economic policies. It may be assumed that when I quote the Committee's views I am in agreement with them; it would be tedious, if not improper, for me to specify which of them were the direct result of my advice. I began writing this book in October 1990. Mrs. Thatcher's resignation the following month made it all the more appropriate to attempt a summing-up of her three administrations, even if not all the statistics for 1990 are available as the book goes to print. Previous interim reports on Mrs. Thatcher have inevitably had to contend with unexpected turns for the better - or the worse- after publication. Mrs. Thatcher has quickly become part of history, even if it will require the history of the 1990s to be revealed before appraisals more definitive than the present work can be made. In view of the changes in ministers, and the substance as well as the style of policy, this book should be taken as a judgment not of John Major and his Government but of the legacy that they inherit. First American Edition [stated], First printing [stated]. Seller Inventory # 87024