The Thatcher Supply-Side ‘Miracle’: Myth or Reality?

Nigel M. Healey

The American Economist, 1992, vol. 36, issue 1, 7-12

Abstract: This paper reviews the main features of the supply-side policies pursued by the Thatcher Government in Britain between 1979 and 1990. It examines the performance of the real economy relative to historical and international trends and discusses the characteristics of a successful supply-side program. It concludes that, while the Thatcher era has yielded important economic benefits, the prerequisites for a sustained increase in the trend rate of output and productivity growth may not have been satisfied.

Date: 1992
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Persistent link: https://EconPapers.repec.org/RePEc:sae:amerec:v:36:y:1992:i:1:p:7-12

DOI: 10.1177/056943459203600102

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