Abstract
The stagnating seventies saw a steady haemorrhaging of support for Keynesian economic propositions amongst bourgeois economists compared with the buoyant sixties. With the elections of 1979 and 1980 this trend penetrated state policy making in a strident form in both Britain and the United States. Now, with over three years of Thatcher's monetarist experiment and nearly two years of Reaganomics behind us, the end of the recession has been indefinitely postponed on both sides of the Atlantic. Simon Mohun looks at the results of theoretical departures in practice.
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