Abstract
The Thatcher government's economic policy is radically different from that of any other post-war UK government. The difference is not simply that the government wishes to reduce the Public Sector Borrowing Requirement (PSBR); or control the money supply; or privatise nationalised industries; or reduce regulation. These policies have been espoused by previous governments. What is different is the single-minded way in which the present government pursues this policy package: a single mindedness which borders on religious fervour. The present government's economic policies are founded on an ideology which accords the market a pivotal role in ensuring economic and political freedom. This perspective spells out this underlying ideology and assesses its validity.
| Original language | English |
|---|---|
| Pages (from-to) | 82-84 |
| Number of pages | 3 |
| Journal | Quarterly Economic Commentary |
| Volume | 10 |
| Issue number | 2 |
| Publication status | Published - Nov 1984 |
Keywords
- Thatcher government
- economic policies
- classical liberal ideology
- free-market economics
- monetarism