By the time Margeret Thatcher resigned as Prime Minister in
1990, she has tranformed the fortunes of her Conservative Party.
Under her leadership the Conservatives won three general election
victories in a row over a divided opposition and enjoyed a degree
of political and ideological dominance that led many to speak of
the end of the socialist era and the emergence of a new consensus.
What Reagan had done in the United States, Margaret Thatcher had
done in Britain. A new word--Thatcherism--had entered the political
lexicon.
Thatcherism came to signify a wide-ranging and distinctive
political project aimed at promoting economic recovery and
restoring the authority of the state. This second, revised and
updated edition of "The Free Economy and the Strong State" explores
the political and ideological roots of Thatcherism and its
relationship to the Conservative tradition and to the economic
liberal ideology of the New Right, as well as to the new political
agenda which emerged from the advent of recession and the crisis of
the world order in the 1970's.
Andrew Gamble provides a clear and thorough account of the
genesis of Thatcherism in opposition, its record in government and
of the way it has been analyzed by the left and right. His book
makes a major contribution to separating rhetoric from reality and
understanding both the impact and the limits of Thatcherism in its
bid to establish a new political hegemony and tackle Britain's
economic decline.
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