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Examine the economic policies of the post war consensus, Thatcherism and new labour.
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Hannah Quincey September 2003 Examine the economic policies of the post war consensus, Thatcherism and new labour. There are many different ways of managing the economy and views and opinions vary, about each of these methods. During the post war consensus period however there was a general agreement on how the economy should be run, where the parties generally carried the same views on its management. Post War consensus economics was rooted in the White paper of 1944 and the Beveridge report on the creation of a welfare state. Within this period there are two ways of managing the economy which must be considered. The first of these is Keynesian economics, which was popular throughout the consensus era with both the Conservatives and Labour. The economist J.M.Keynes had offered a way out of the economic slump which had crippled capitalism in the 1930's. He rejected free trade laissez faire economics and argued that...
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