Explaining economic policy reversals

Christopher Hood

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Political and Economic history of UK and US Social Policy and Reform Studies Fiscal Policies and Political Economy

Abstract

Policy reversals and how to explain them regulation, deregulation and reregulation public enterprise and privatization macroeconomic policy - from Keynesianism to monetarism government spending and employment - must what goes up come down? tax policy change - extinction or inertia? economic rationalism in public management - from progressive public administration to new public management? conclusion - economic policy shifts and political explanations.

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