The Politics of Free Markets: The Rise of Neoliberal Economic Policies in Britain, France, Germany, and the United States

The Politics of Free Markets: The Rise of Neoliberal Economic Policies in Britain, France, Germany, and the United States

by Monica Prasad
     
 

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ISBN-10: 0226679020

ISBN-13: 9780226679020

Pub. Date: 07/16/2006

Publisher: University of Chicago Press

The attempt to reduce the role of the state in the market through tax cuts, decreases in social spending, deregulation, and privatization—“neoliberalism”—took root in the United States under Ronald Reagan and in Britain under Margaret Thatcher. But why did neoliberal policies gain such prominence in these two countries and not in similarly

Overview

The attempt to reduce the role of the state in the market through tax cuts, decreases in social spending, deregulation, and privatization—“neoliberalism”—took root in the United States under Ronald Reagan and in Britain under Margaret Thatcher. But why did neoliberal policies gain such prominence in these two countries and not in similarly industrialized Western countries such as France and Germany?

In The Politics of Free Markets, a comparative-historical analysis of the development of neoliberal policies in these four countries,Monica Prasad argues that neoliberalism was made possible in the United States and Britain not because the Left in these countries was too weak, but because it was in some respects too strong. At the time of the oil crisis in the 1970s, American and British tax policies were more punitive to business and the wealthy than the tax policies of France and West Germany; American and British industrial policies were more adversarial to business in key domains; and while the British welfare state was the most redistributive of the four, the French welfare state was the least redistributive. Prasad shows that these adversarial structures in the United States and Britain created opportunities for politicians to find and mobilize dissatisfaction with the status quo, while the more progrowth policies of France and West Germany prevented politicians of the Right from anchoring neoliberalism in electoral dissatisfaction.

Product Details

ISBN-13:
9780226679020
Publisher:
University of Chicago Press
Publication date:
07/16/2006
Edition description:
1
Pages:
280
Product dimensions:
6.00(w) x 9.00(h) x 0.90(d)

Table of Contents

Contents

Preface....................vii
Introduction....................1
CHAPTER 1. Power to the Middle Classes: Entrepreneurs and Ideologues in the Reagan Revolution....................43
CHAPTER 2. Populist Revolutionary: Margaret Thatcher and the Transformation of the British State....................98
CHAPTER 3. Coalition Politics and Limited Neoliberalism in West Germany....................162
CHAPTER 4. France: Neoliberalism and the Developmental State....................235
Conclusion....................280
References....................287
Index....................319

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