'Third Way' Economics An Evaluation

by Whyman, Philip

• ISBN13: 9781403920652
• ISBN10: 1403920656
• Format: Hardcover
• Copyright: 2005-11-29
• Publisher: Palgrave Macmillan

Summary

The apparent success of a 'new' variant of social democracy has created considerable interest in the Third Way. This book synthesises a core economic strategy from the most significant Third Way administrations. It explores the theoretical foundations to Third Way economics, before evaluating its economic strategy against conclusions drawn from contemporary economics literature and the relative performance of contemporary left-of-centre governments. It additionally contrasts Third Way economics with more traditional social democratic economic policy in adapting to the challenges posed by today's economy. Book jacket.

Author Biography

Philip Whyman is in the Department of International Business and Accountancy, Lancashire Business School, University of Lancashire.

Table of Contents

Preface	viii
Acknowledgements	ix
Introduction	xi
What is the Third Way?	1	(25)
A Response to Globalisation	26	(29)
Goodbye Keynes?	55	(34)
Central Banks and Monetary Policy	89	(23)
Labour Market Flexibility	112	(17)
Public Sector Reform: Employability	129	(17)
Regional Economic Integration	146	(18)
Evaluation of Third Way Economics in Practice	164	(50)
`Real' Social Democratic Alternatives	214	(26)
Bibliography	240	(41)
Index	281