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Daniel Stedman Jones

In: The SAGE Handbook of Neoliberalism

Chapter 13: The Neoliberal Origins of the Third Way: How Chicago, Virginia and Bloomington Shaped Clinton and Blair

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The Neoliberal Origins of the Third Way: How Chicago, Virginia and Bloomington Shaped Clinton and Blair
The Neoliberal Origins of the Third Way: How Chicago, Virginia and Bloomington Shaped Clinton and Blair
Daniel Stedman Jones
Introduction

President Bill Clinton's proclamation that the ‘era of big government is over’ encapsulated the ‘New’ progressive ‘Third Way’ politics he and British Prime Minister Tony Blair championed and practised.1 In the 1980s, the Thatcher and Reagan administrations had pursued free market economic reforms influenced by the neoliberal ideas of Friedrich Hayek and Milton Friedman. Those ideas about monetarism, deregulation and privatisation had broken through even earlier during the Carter and Callaghan administrations of the 1970s.2 The Third Way, by contrast, aimed to reform government and ...

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