Explaining economic policy reversals
Author(s)
Bibliographic Information
Explaining economic policy reversals
Open University Press, 1994
- : hbk
- : pbk
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Note
Includes bibliographical references (p. [155]-164) and index
Description and Table of Contents
- Volume
-
: pbk ISBN 9780335156498
Description
This work considers the economic policy dinosaurs which apparently went into extinction in the 1980s. They are: the move from "classical" regulation to deregulation; the move from public enterprise to privatization; the move from Keynesian to "monetarist" macroeconomic policy; the shift from rapid growth in government spending and staffing to stabilization and cutbacks; the move from progressive income tax structures towards "flatter taxes"; and the shift from progressive-era public administration to "new public management".
None of these major policy shifts were predicted by economists or other mainstream social scientists. The author compares the actual changes with previously established theoretical accounts of what makes policy shift and explores how far the changes can be understood in terms of the power of ideas, the power of interests, the effect of changing social contexts and "self-destructive" dynamics of public policy.
Table of Contents
Policy reversals and how to explain them
regulation, deregulation and reregulation
public enterprise and privatization
macroeconomic policy - from Keynesianism to monetarism
government spending and employment - must what goes up come down?
tax policy change - extinction or inertia?
economic rationalism in public management - from progressive public administration to new public management?
conclusion - economic policy shifts and political explanations
- Volume
-
: hbk ISBN 9780335156504
Description
This work considers the economic policy dinosaurs which apparently went into extinction in the 1980s. They are: the move from "classical" regulation to deregulation; the move from public enterprise to privatization; the move from Keynesian to "monetarist" macroeconomic policy; the shift from rapid growth in government spending and staffing to stabilization and cutbacks; the move from progressive income tax structures towards "flatter taxes"; and the shift from progressive-era public administration to "new public management". None of these major policy shifts were predicted by economists or other mainstream social scientists. The author compares the actual changes with previously established theoretical accounts of what makes policy shift and explores how far the changes can be understood in terms of the power of ideas, the power of interests, the effect of changing social contexts and "self-destructive" dynamics of public policy.
Table of Contents
- Policy reversals and how to explain them
- regulation, deregulation and reregulation
- public enterprise and privatization
- macroeconomic policy - from Keynesianism to monetarism
- government spending and employment - must what goes up come down?
- tax policy change - extinction or inertia?
- economic rationalism in public management - from progressive public administration to new public management?
- conclusion - economic policy shifts and political explanations.
by "Nielsen BookData"