Difference between revisions of "Thatcherism"
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It consisted of | It consisted of | ||
*[[free market]] [[Supply-side economics|supply-side economics]] | *[[free market]] [[Supply-side economics|supply-side economics]] | ||
| − | *[[ | + | *[[tax]] reduction |
*artificial manipulation of the money supply to reduce [[inflation]] | *artificial manipulation of the money supply to reduce [[inflation]] | ||
| − | *[[ | + | *[[privatization]] of public industry |
*reining in of [[labor union|trade union]] influence and power | *reining in of [[labor union|trade union]] influence and power | ||
| − | |||
==Parallel Terms== | ==Parallel Terms== | ||
Revision as of 18:39, February 24, 2013
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.