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

Research output: Contribution to journal › Article › peer-review

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

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 8 Decent Work and Economic Growth

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title = "The Thatcher Supply-Side {\textquoteleft}Miracle{\textquoteright}: Myth or Reality?",

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.",

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

Abstract

UN SDGs

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