Difference between revisions of "Thatcherism"
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| − | + | '''Thatcherism''' refers to the economic policy of [[Margaret Thatcher]] while British prime minister between 1979 and 1990. | |
It consisted of | It consisted of | ||
| − | *[[free market]] [[ | + | *[[free market]] [[supply-side economics]] |
*[[tax]] reduction | *[[tax]] reduction | ||
*artificial manipulation of the money supply to reduce [[inflation]] | *artificial manipulation of the money supply to reduce [[inflation]] | ||
| Line 9: | Line 9: | ||
==Parallel Terms== | ==Parallel Terms== | ||
| − | The term "''Thatcherism''" has parallels with [[Reaganomics]] (after US President Ronald Reagan) and Rogernomics after [[New Zealand]] finance minister Roger Douglas. All three terms describe broadly similar [[ | + | The term "''Thatcherism''" has parallels with [[Reaganomics]] (after US President Ronald Reagan) and Rogernomics after [[New Zealand]] finance minister Roger Douglas. All three terms describe broadly similar [[supply-side economics]] economic policies. |
[[Category:Economics]][[Category:British History]] | [[Category:Economics]][[Category:British History]] | ||
Revision as of 20:16, July 13, 2016
Thatcherism refers to the economic policy of Margaret Thatcher while British prime minister between 1979 and 1990. It consisted of
- free market supply-side economics
- tax reduction
- artificial manipulation of the money supply to reduce inflation
- privatization of public industry
- reining in of trade union influence and power
Parallel Terms
The term "Thatcherism" has parallels with Reaganomics (after US President Ronald Reagan) and Rogernomics after New Zealand finance minister Roger Douglas. All three terms describe broadly similar supply-side economics economic policies.