Governing the Economy: The Politics of State Intervention in Britain and France

Paperback | August 1, 1993

EditorPeter A. Hall

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For over one hundred years, the British economy has been in decline relative to other industrialized countries. This book explores the origins of Britain's economic problems and develops a striking new argument about the sources of decline. It goes on to analyze the evolution of economicpolicy in postwar Britain from the development of Keynesianism to the rise of monetarism under Margaret Thatcher. France, by contrast, experienced an economic miracle in the postwar period. Hall argues that the French state transformed itself and then its society through an extensive system ofstate intervention. In the recent period, however, the French system has encountered many difficulties, and the book locates their sources in the complex interaction between state and society in France culminating in the socialist experiment of Francois Mitterrand. Through his insightful,comparative examination of policy-making in Britain and France, Hall develops a new approach to state-society relations that emphasizes the crucial role of institutional structures.

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From Our Editors

One of Britain's more aristocratic Prime Ministers once said: 'There are two problems in my life. The political ones are insolubleand the economic ones are incomprehensible.' Many of his successors might agree; but the two sorts of problems are not always as separable as we imagine. This is a book about the political dimensions of econ...

From the Publisher

For over one hundred years, the British economy has been in decline relative to other industrialized countries. This book explores the origins of Britain's economic problems and develops a striking new argument about the sources of decline. It goes on to analyze the evolution of economicpolicy in postwar Britain from the development o...

From the Jacket

One of Britain's more aristocratic Prime Ministers once said: 'There are two problems in my life. The political ones are insolubleand the economic ones are incomprehensible.' Many of his successors might agree; but the two sorts of problems are not always as separable as we imagine. This is a book about the political dimensions of econ...

Peter A. Hall is at Harvard University.

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Format:PaperbackDimensions:340 pages, 9.02 × 5.98 × 0.71 inPublished:August 1, 1993Publisher:Oxford University Press

The following ISBNs are associated with this title:

ISBN - 10:0195205308

ISBN - 13:9780195205305

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From Our Editors

One of Britain's more aristocratic Prime Ministers once said: 'There are two problems in my life. The political ones are insolubleand the economic ones are incomprehensible.' Many of his successors might agree; but the two sorts of problems are not always as separable as we imagine. This is a book about the political dimensions of economic management. It attempts to explain the direction that economic policy took in Britain and France over the post-war period; and one of its central contentions is that economic policy-making must be understood as an essentially political process.

Editorial Reviews

"A significant and valuable study...The proposed institutional model will be valuable in the study of economic policy making in other western democracies."--Governance