Conservative Governments and the Economy, 1979–97

  title={Conservative Governments and the Economy, 1979–97},
  author={Stephen Wilks},
  journal={Political Studies},
  pages={689 - 703}
  • S. Wilks
  • Published 1 September 1997
  • Economics
  • Political Studies
Over the past eighteen years Conservative economic policy makers have taken the British economy on a remarkable roller coaster ride which has seen two deep recessions, a triumphant boom and a mature recovery. In the process they have created the electoral paradox of winning in a recession (1992 ± and virtually 1983) and losing during a recovery (1997). The shape of macro-economic policy has been transformed by the ending of the British establishment's love a€air with Keynesianism and by its… 

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