Publisher's Synopsis
This volume advances a thesis that calls into question the prevailing drift of government policy and economic analysis. A central tenet of conservative politics and orthodox economics is that the self-regulating market best guarantees economic well-being. The current British government has gone so far as to propose the restoration of free-market competition as a strategy for reversing economic decline.;The lessons that can be drawn about British decline may also be pertinent to other economies. The recent competititive reverses of US industry in the face of Japanese and European challenges have sparked renewed interest in explanations of economic growth and relative decline.
