Title
The Politics of Free Markets: The Rise of Neoliberal Economic Policies in Britain, France, Germany, and the United States,Used
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The attempt to reduce the role of the state in the market through tax cuts, decreases in social spending, deregulation, and privatizationneoliberalismtook root in the United States under Ronald Reagan and in Britain under Margaret Thatcher. But why did neoliberal policies gain such prominence in these two countries and not in similarly industrialized Western countries such as France and Germany?In The Politics of Free Markets, a comparativehistorical analysis of the development of neoliberal policies in these four countries,Monica Prasad argues that neoliberalism was made possible in the United States and Britain not because the Left in these countries was too weak, but because it was in some respects too strong. At the time of the oil crisis in the 1970s, American and British tax policies were more punitive to business and the wealthy than the tax policies of France and West Germany; American and British industrial policies were more adversarial to business in key domains; and while the British welfare state was the most redistributive of the four, the French welfare state was the least redistributive. Prasad shows that these adversarial structures in the United States and Britain created opportunities for politicians to find and mobilize dissatisfaction with the status quo, while the more progrowth policies of France and West Germany prevented politicians of the Right from anchoring neoliberalism in electoral dissatisfaction.
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- Q: What is the main focus of 'The Politics of Free Markets'? A: The book analyzes the rise of neoliberal economic policies in the United States, Britain, France, and Germany, exploring why these policies gained prominence in the US and UK but not in other industrialized nations.
- Q: Who is the author of 'The Politics of Free Markets'? A: The author is Monica Prasad, who provides a comparative-historical analysis of neoliberal policies.
- Q: When was 'The Politics of Free Markets' published? A: The book was published on July 17, 2006.
- Q: What is the ISBN of 'The Politics of Free Markets'? A: The book's ISBN is 978-0226673708.
- Q: How many pages does 'The Politics of Free Markets' have? A: The book contains 328 pages.
- Q: What type of binding does 'The Politics of Free Markets' have? A: The book is available in paperback binding.
- Q: What are the main themes discussed in the book? A: Main themes include the role of the state in economic policy, the dynamics of neoliberalism, and the historical context of tax and industrial policies in different countries.
- Q: Is 'The Politics of Free Markets' suitable for academic research? A: Yes, the book provides in-depth analysis and historical context, making it suitable for students and researchers in economic policy and development.
- Q: Does the book include case studies or examples? A: Yes, it includes comparative case studies of neoliberalism in the United States, Britain, France, and Germany.
- Q: What makes this book unique compared to other economic policy books? A: The book offers a comparative-historical perspective, arguing that the strength of the Left in the US and Britain contributed to the rise of neoliberalism, which contrasts with the situation in France and Germany.