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Great Britain: From Atlee’s Postwar Consensus and Welfare State to Thatcher’s Free Market Economy

In: Consistency and Viability of Capitalist Economic Systems

Author

Listed:
  • John Marangos

Abstract

Starting with Adam Smith in the late eighteenth century, Britain has been at the vanguard of new economic ideas. Not only have ideas that originated in Britain been very influential in British economic policymaking, but they also have traveled, received acceptance, and found utilization around the world. Adam Smith, John Maynard Keynes, and Friedrich Hayek (a British citizen) all had a decisive influence on economic policymaking in Britain and around the globe.

Suggested Citation

  • John Marangos, 2013. "Great Britain: From Atlee’s Postwar Consensus and Welfare State to Thatcher’s Free Market Economy," Palgrave Macmillan Books, in: Consistency and Viability of Capitalist Economic Systems, chapter 0, pages 77-118, Palgrave Macmillan.
  • Handle: RePEc:pal:palchp:978-1-137-08087-5_4
    DOI: 10.1057/9781137080875_4
    as

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