Paperback : HK$409.00
It is often assumed that left-of-center governments in the US and Britain supported policies that would lead to ever-increasing public spending and higher taxes. Right-of-center governments, by way of contrast, are expected to support policies that reduce public spending and lower taxes. these characterizations were reinforced with the advent of Reaganomics and Thatcherite economic policy.
Despite this assumption, the elections of Bill Clinton and Tony Blair in the 1990s saw the consolidation and completion of critical aspects of the Regan-Thatcher fiscal agenda. This impressive book critically-analyzes this process. It has been previously thought this process of adopting common fiscal policies was caused by economic integration and globalization, "Fiscal Policy From Reagan to Blair" reveals a much more comprehensive explanation--one that includes domestic factors.
Whether fiscal policy conversion is seen as a good or a bad thing, this book shall unite both left and right in better explaining the process. Students and academics of international political economy, public policy and politics will find this book to be a good addition to thier reading lists.
It is often assumed that left-of-center governments in the US and Britain supported policies that would lead to ever-increasing public spending and higher taxes. Right-of-center governments, by way of contrast, are expected to support policies that reduce public spending and lower taxes. these characterizations were reinforced with the advent of Reaganomics and Thatcherite economic policy.
Despite this assumption, the elections of Bill Clinton and Tony Blair in the 1990s saw the consolidation and completion of critical aspects of the Regan-Thatcher fiscal agenda. This impressive book critically-analyzes this process. It has been previously thought this process of adopting common fiscal policies was caused by economic integration and globalization, "Fiscal Policy From Reagan to Blair" reveals a much more comprehensive explanation--one that includes domestic factors.
Whether fiscal policy conversion is seen as a good or a bad thing, this book shall unite both left and right in better explaining the process. Students and academics of international political economy, public policy and politics will find this book to be a good addition to thier reading lists.
Foreword By Thomas D. Willett 1. Policy Ideas and Partisan Convergence2. Paradigms, Coalitions, and Directional Shifts in Economic Policy3. Deficit Reduction and Tax Reform in the Reagan-Thatcher Era4. Deficit Reduction and Tax Reform under Clinton and Blair5. Conclusion
Ravi K. Roy is Visiting Research Fellow at the Claremont Institute for Economic Policy, USA. Arthur T. Denzau is Economics Department chair and Dean of the School of Politics and Economics at the Claremont Institute for Economic Policy, USA.
"Ideas drove the convergence of American and British and conservative and New Left approaches to a restrained fiscal policy in the era of neo-liberalism. Ravi Roy's and Arthur Denzau's compelling, elegant, and concise argument makes us think about the likely course of divergence in policy approaches in an era of unrestrained fiscal policy and counter-terrorist warfare. This book speaks to core concerns of specialists, and will be a source of intellectual pleasure for interested general reader. Peter J. Katzenstein, Walter S. Carpenter Professor, Jr. of International Studies, Cornell University."
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