Macroeconomics after Thatcher and Reagan - John N Smithin

This widely acclaimed book critically assesses the attempts to put the various 'conservative economic' theories into practice.
It identifies the disparate and often conflicting elements of the new economic philosophy including monetarism, 'supply-side' economics and the new classical economics. It distinguishes the purely macroeconomic parts of the strategy from those with a more microeconomic focus such as deregulation and privatization.
It makes a detailed comparison of the very different directions which the 'conservative revolution' has taken in Britain and the United States, and suggests some alternative policy principles for the future.