Great Britain: From Atlee’s Postwar Consensus and Welfare State to Thatcher’s Free Market Economy

John Marangos

Chapter Chapter 4 in Consistency and Viability of Capitalist Economic Systems, 2013, pp 77-118 from Palgrave Macmillan

Abstract: Abstract Starting with Adam Smith in the late eighteenth century, Britain has been at the vanguard of new economic ideas. Not only have ideas that originated in Britain been very influential in British economic policymaking, but they also have traveled, received acceptance, and found utilization around the world. Adam Smith, John Maynard Keynes, and Friedrich Hayek (a British citizen) all had a decisive influence on economic policymaking in Britain and around the globe.

Keywords: European Union; National Health Service; Prime Minister; Welfare State; Free Market (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-08087-5_4

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DOI: 10.1057/9781137080875_4

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