Neo-liberalism and New Labour policy: economic performance, historical comparisons and future prospects
in Cambridge Journal of Economics
November 2007; p ublished online October 2007 .
Journal Article. Subjects: Macroeconomics: Consumption, Saving, Production, Employment, and Investment; General Aggregative Models; Prices, Business Fluctuations, and Cycles; Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook; Mobility, Unemployment, and Vacancies. 11664 words.
The paper analyses19760/70s inflation, the replacement of Keynesian with neo-liberal economic policy, and the post-1979 decline in inflation. It is shown that the fall in inflation is...