Titlebook: Economic Policy in Britain; Wyn Grant Textbook 2002Latest edition The Editor(s) (if applicable) and The Author(s) 2002 economic policy.eco

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Conclusions,er public services efficiently and effectively’ (Loughlin and Scott, 1997, p. 207). The emphasis shifted from government directly providing services, to making arrangements for their provision, a shift accelerated under the second Blair government.

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,E. Verfassungsrechtliche Prüfung,en as a better mechanism for economic stabilization, given that it is easier to reverse than spending increases or tax cuts. It is easier to cut taxes than to raise them, and, in addition, fiscal policy can be slow to deliver results and they can be unpredictable. Attempts to tackle a short-term demand deficiency may lead to long-term problems:

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Wyn GrantOffers an authoritative and comprehensive review of British economic policy under Blair set in its historical context.A completely new and much more broad ranging replacement for same author‘s highly

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https://doi.org/10.1007/978-1-4039-0733-2economic policy; economy; Europe; European Union (EU); globalization; monetary policy; parliament; Policy; p

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The Editor(s) (if applicable) and The Author(s) 2002

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Begriffliche Wissensverarbeitungkey objectives such as low inflation, low levels of unemployment and high rates of economic growth. These objectives were pursued by government manipulation of policy instruments including interest rates, taxes and control of the money supply. The emphasis after 1945 was thus on macroeconomic policy

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https://doi.org/10.1007/978-3-662-66514-5to be understood here are: early industrialization; empire, and individualism. The term ‘industrial revolution’ has become a contentious one for economic historians, not least because more recent work has shown that the acceleration of economic growth was slower than had earlier been supposed (Craft