The Thatcher Supply-Side ‘Miracle’: Myth or Reality?

Nigel M. Healey

doi:10.1177/056943459203600102

The Thatcher Supply-Side ‘Miracle’: Myth or Reality?

Nigel M. Healey

Global & Community Engagement

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Abstract

This paper reviews the main features of the supply-side policies pursued by the Thatcher Government in Britain between 1979 and 1990. It examines the performance of the real economy relative to historical and international trends and discusses the characteristics of a successful supply-side program. It concludes that, while the Thatcher era has yielded important economic benefits, the prerequisites for a sustained increase in the trend rate of output and productivity growth may not have been satisfied.

Original language	English
Pages (from-to)	7-12
Number of pages	6
Journal	American Economist
Volume	36
Issue number	1
DOIs	https://doi.org/10.1177/056943459203600102
Publication status	Published - Mar 1992

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The Thatcher Supply-Side ‘Miracle’: Myth or Reality?

Abstract

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