First published in 1991. In this volume, the author states that is
not an economic history or 'an economic analysis, although it draws
upon both disciplines. However, it is an attempt at political
economy. It surveys the economic policies of the Thatcher
Conservatives, from their intellectual origins in Opposition to
their formulation in government papers and their implementation
through three terms of office. It seeks to judge the
appropriateness of the policies, the competence of their execution
and the degree of their success in achieving the desired effects.
Johnson confirms that possible alternative policies are not
discussed in detail, and we can now never know how they would have
turned out. Appraisal of the Thatcher Government's policies,
however, inevitably implies something about what the alternatives
might have been, particularly those alternatives that members of
the Government themselves seriously contemplated.
General
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