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Economic Theory - General & Miscellaneous, Other Economic Schools of Thought, General Economic Policies, General & Miscellaneous Public Policies, Macroeconomics - General & Miscellaneous, Governmental Finances & Fiscal Policies, Privatization, Economic St
Explaining Economic Policy Reversals by Christopher Hood β€” book cover

Explaining Economic Policy Reversals

by Christopher Hood
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Overview

This book is about the economic policy dinosaurs which apparently went into extinction in the 1980s. They are the move from 'classical' regulation to deregulation, the move from public enterprise to privatization, the move from 'Keynesian' to 'monetarist' macroeconomic policy, the shift from rapid growth in government spending and staffing to stabilization and cutbacks, the move from progressive income tax structures towards 'flatter taxes', and the shift from progressive-era public administration to 'new public management'. None of these major policy shifts was predicted by economists or other mainstream social scientists. Christopher Hood compares the actual changes with previously established theoretical accounts of what makes policy shift; and he explores how far the changes can be understood in terms of the power of ideas, the power of interests, the effect of changing social contexts and 'self-destructive' dynamics of public policy.

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Book Details

Published
April 1, 1994
Publisher
Buckingham, ; Open University Press, 1994.
Pages
160
Format
Hardcover
ISBN
9780335156498

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