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.
|Number of pages||3|
|Journal||Quarterly Economic Commentary|
|Publication status||Published - Nov 1984|
- Thatcher government
- economic policies
- classical liberal ideology
- free-market economics