The Reagan- Reagan, President Ronal Thatcher Thatcher, Margaret Revolution Reagan-Thatcher Revolution: The Age of Hayek Hayek, Friedrich and Schumpeter Schumpeter, Joseph

Kamran Dadkhah ()
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Kamran Dadkhah: Northeastern University

Chapter Chapter 11 in The Evolution of Macroeconomic Theory and Policy, 2009, pp 213-230 from Springer

Abstract: The Great Depression Great Depression changed the economic discourse around the world. The working assumption was that market economies could not function on their own. Government had to intervene through regulations, intervention, and if needed by planning for the economy. In other words, the rule was that government intervention was needed and the exception was to leave the market to itself. The Reagan-Thatcher Thatcher, Margaret revolution strived for making free market the rule and government intervention the exception.

Keywords: Technological Progress; Great Moderation; Overlap Generation Model; Dust Bowl; Credit Creation (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-540-77008-4_11

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DOI: 10.1007/978-3-540-77008-4_11

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