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 7: | Line 7: | ||
*reining in of [[labor union|trade union]] influence and power | *reining in of [[labor union|trade union]] influence and power | ||
| − | + | ==Parallel Terms== | |
| − | [[Category:Economics]][[Category:British History]] | + | |
| + | 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:Conservatism]] | ||
| + | [[Category:Reagan Era]] | ||
| + | [[Category:Liberal Conservatism]] | ||
| + | [[Category:Neoconservativism]] | ||
Latest revision as of 23:40, June 21, 2025
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.