This book offers a timely and comprehensive assessment of changes in British economic policy, casting doubts about the much heralded 'economic miracle' in the face of the continuing recession in the early 1990s.

In his introduction the editor provides the background to these chapters by examining the theoretical basis of the different policy innovations and by exploring the analytical models appropria to the study of economic policy. Britain's Economic Miracle: Myth or Reality? is based on chapters which first appeared in Economics but they have all been updated to take in recent developments. It is clear, accessible and non-technical throughout.

Preface. 1. From Keynesian Demand Management to Thatcherism. Part 1. Competing Perspectives On The Macroeconomy. 2. The
Economy in the 1980's: a Review of the Decade. 3. Britain's
Economic Recovery. 4. Britain's Economic Renaissance. 5. The Economy After Ten Years: Stronger or Weaker? 6. An Assessment of Britain's Productivity Record in the 1980's: Has There Been a Miracle? 7. The Conservative Government's'fight against inflation': Ten Years Without Cheers. Part 11 Contemporary Microeconomic Issues. 8. Government Policy, Taxation and
Supply-side Economics. 9. Privatisation Ten Years On: A Critical Analysis of its Rational and Results. 10. The Economics of Trade Union Power. 11. New firms: the Key to Employment
Creation? 12. Redistribution Under Conservatism: Past and Future. 13. The 'North-South' Divide: Rhetoric and Reality. Bibliography.