Structuring politics: The movement from Keynesianism to monetarism: Institutional analysis and British economic policy in the 1970s

摘要: The 1970s witnessed a revolution in British economic policy. When the decade began, Britain was paradigmatic case of what has often been termed Keynesian era. By 1980s leading again but different direction. Under Prime Minister Margaret Thatcher, monetarist modes policy-making replaced their antecedents. How are we to explain this change direction? That is empirical question which chapter addressed. For those who interested role institutions political life, evolution policy during also poses an important set theoretical challenges. First, it invites us explore relationship between and change. Institutions usually associated with continuity: They by nature inertial linked regularities human behavior. As result analysts have able demonstrate how national impose measure continuity on over time. However, macroeconomic change, even radical We can use examine role, if any, play process whereby policies whether institutional factors contribute explanation as well continuity. shift from provides appropriate for kind analysis associate historical institutionalism.