Neoliberalism and deregulation have come to dominate national and international political economy. This major book addresses this convergence and analyzes the implications for the future of capitalist diversity. It considers important questions such as: Is the preference for free markets a well-founded response to intensified global competition? Does this mean that all advanced societies must all converge on an imitation of the United States? What are the implications for the institutional diversity of the advanced economies? Political Economy of Modern Capitalism provides a practical and informed analysis of the public policy choices facing governments and business around the world.

The UK 1979–95: Myths and Realities of Conservative Capitalism

The UK 1979–95: Myths and Realities of Conservative Capitalism

The UK 1979–95: Myths and realities of conservative capitalism

The UK in the 1980s and 1990s was a test case for modern Conservative capitalism. Indeed, the British model, despite some of its apparent failures in the early 1990s, is still frequently held up in international discussions as an example for other countries to follow. One reason for this is that the Conservatives were in power for so long, and this dominance was particularly important because it was combined with a strong ideology and with an institutional and constitutional structure that gives an unusual degree of power to the executive (and especially to the Prime Minister if s/he chooses to use it). What happened in the UK is ...

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