Author or Editor: Andrew Glyn
Publisher: Oxford University Press Inc
Published: 2006
Pages: 234
Size: 1.40MB
Low inflation, quiescent industrial relations, freedom for capital to chase profitable opportunities without restraint and the domination of market-based solutions have become familiar features of the economic landscape of the rich economies. When such a pattern becomes firmly established it soon acquires the status of business as usual. Yet 30 years ago inflation was rising, profits were squeezed, trades unions were bargaining aggressively and parties of the left were actively discussing ideas for deeper state intervention in industry. A huge shift in economic policies and behaviour was needed to launch our economies on their new trajectory. This book provides a short history of how this transformation was achieved and examines the impact on growth, stability and equality of letting free enterprise off the leash.
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