Clinton and Blair: the political economy of the third way
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| Main Author: | |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
London [u.a.]
Routledge
2006
|
| Edition: | 1. publ. |
| Subjects: | |
| Online Access: | Table of contents Inhaltsverzeichnis |
| Item Description: | Includes bibliographical references and index |
| Physical Description: | XIV, 166 S. graph. Darst. |
| ISBN: | 0415378583 9780415378581 |
Staff View
MARC
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Record in the Search Index
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| adam_text | Contents
List of illustrations xiii
Preface xv
Acknowledgments xvii
List of abbreviations xix
Introduction 1
1 An introduction to the Third Way 2
The Third Way as a public philosophy 3
The Third Way as a political strategy 5
The Third Way as an economic program:
a New agenda for globalization 7
The New Economy: the Third Way as a program for
economic growth 8
Sound public finance: the Third Way as a program of
public finance 9
Conclusion 11
2 The Third Way and economic growth 13
Evolutionary theory 15
Neoclassical theory 26
Endogenous growth theory 30
Conclusion 33
3 The Third Way and public finance 34
Standard neoclassical theory 34
The changing focus of neoclassical theory 50
Conclusion 50
xii Contents
4 The Third Way in the United States 52
Fiscal policy 53
Monetary policy 63
Investment policy 67
Education policy 76
Employment policy 80
Conclusion 88
5 The Third Way in the United Kingdom 89
Fiscal policy 89
Monetary policy 94
Investment policy 96
Education policy 106
Conclusion 111
6 A Third Way or no way at all? 112
A neoclassical counter critique 118
Interpreting the Third Way: economics, philosophy, or
politics? 119
Marrying Schumpeter and Keynes: a more genuine
Third Way? 120
Notes 125
Bibliography I26
Index 157
Illustrations
Charts
4.1 US federal discretionary spending 1962 2001 54
4.2 US federal receipts, outlays, and budget surplus 1993 2000 57
4.3 US federal government debt 1993 2000 58
4.4 US federal budget surpluses and federal debt 1945 2000 59
4.5 Annual percentage change in the US consumer price
index 1945 2000 64
4.6 Annual percentage change in the US money supply (M3)
1959 2000 65
4.7 Annualized average monthly US federal funds rate 1954 2001 65
4.8 US total public investment for physical capital, R D,
and education and training 1962 2000 68
4.9 US federal expenditure for infrastructure 1956 98 69
4.10 US private investment 1992 2000 74
4.11 US national saving 1979 2000 75
4.12 US unemployment, inflation, and productivity 1959 2000 76
4.13 US federal government educational and training expenditure
1962 2001 79
4.14 US total federal government personnel 1962 2000 83
4.15 US civilian unemployment rate 1950 2000 83
4.16 US mean earnings by education 1975 99 87
5.1 UK public expenditures, receipts, and budget surplus
1970 1 to 2000 1 91
5.2 UK public sector net borrowing and net debt 1974 5
to 2000 1 92
5.3 Bank of England base interest rates 1970 2001 95
5.4 Annual percentage change in UK retail prices 1949 2003 96
5.5 Annual percentage change in the UK money supply (M4)
1970 2000 97
5.6 UK gross and net public investment 1963 4 to 2000 1 98
5.7 UK public gross investment as a percentage of total
managed expenditure 1965 6 to 2001 2 99
xiv Illustrations
5.8 UK general government gross capital formation for
education 1956 2001 99
5.9 UK total net government expenditure on R D 1967 2001 100
5.10 UK general government gross capital formation for
health 1956 2001 101
5.11 UK public investment in roads 1969 70 to 2001 2 102
5.12 UK gross public investment including capital spending by
the private sector under the PFI 1963 4 to 2001 2 103
5.13 UK business and public sector investment 1965 2002 105
5.14 UK total business investment in R D 1967 2000 106
5.15 UK national savings 1982 3 to 2001 2 107
5.16 UK national savings and private investment 1982 3 to 2001 2 107
5.17 UK real public expenditure on education 1974 5 to 2000 1 110
5.18 Real education expenditure by sector for England
1993 4 to 2001 2 111
Figure
3.1 The balanced budget multiplier 47
Tables
2.1 Key documents of the Third Way program 14
4.1 Clinton s 1993 expansion of the EITC 56
4.2 US interest rates 66
4.3 Student financial assistance under the Clinton Administration 77
4.4 Change in US employment by industry 1989 99 85
4.5 The distribution of US wealth and income 86
5.1 UK government spending 93
|
| adam_txt |
Contents
List of illustrations xiii
Preface xv
Acknowledgments xvii
List of abbreviations xix
Introduction 1
1 An introduction to the Third Way 2
The Third Way as a public philosophy 3
The Third Way as a political strategy 5
The Third Way as an economic program:
a 'New' agenda for globalization 7
The New Economy: the Third Way as a program for
economic growth 8
'Sound'public finance: the Third Way as a program of
public finance 9
Conclusion 11
2 The Third Way and economic growth 13
Evolutionary theory 15
Neoclassical theory 26
Endogenous growth theory 30
Conclusion 33
3 The Third Way and public finance 34
Standard neoclassical theory 34
The changing focus of neoclassical theory 50
Conclusion 50
xii Contents
4 The Third Way in the United States 52
Fiscal policy 53
Monetary policy 63
Investment policy 67
Education policy 76
Employment policy 80
Conclusion 88
5 The Third Way in the United Kingdom 89
Fiscal policy 89
Monetary policy 94
Investment policy 96
Education policy 106
Conclusion 111
6 A Third Way or no way at all? 112
A neoclassical counter critique 118
Interpreting the Third Way: economics, philosophy, or
politics? 119
Marrying Schumpeter and Keynes: a more genuine
Third Way? 120
Notes 125
Bibliography I26
Index 157
Illustrations
Charts
4.1 US federal discretionary spending 1962 2001 54
4.2 US federal receipts, outlays, and budget surplus 1993 2000 57
4.3 US federal government debt 1993 2000 58
4.4 US federal budget surpluses and federal debt 1945 2000 59
4.5 Annual percentage change in the US consumer price
index 1945 2000 64
4.6 Annual percentage change in the US money supply (M3)
1959 2000 65
4.7 Annualized average monthly US federal funds rate 1954 2001 65
4.8 US total public investment for physical capital, R D,
and education and training 1962 2000 68
4.9 US federal expenditure for infrastructure 1956 98 69
4.10 US private investment 1992 2000 74
4.11 US national saving 1979 2000 75
4.12 US unemployment, inflation, and productivity 1959 2000 76
4.13 US federal government educational and training expenditure
1962 2001 79
4.14 US total federal government personnel 1962 2000 83
4.15 US civilian unemployment rate 1950 2000 83
4.16 US mean earnings by education 1975 99 87
5.1 UK public expenditures, receipts, and budget surplus
1970 1 to 2000 1 91
5.2 UK public sector net borrowing and net debt 1974 5
to 2000 1 92
5.3 Bank of England base interest rates 1970 2001 95
5.4 Annual percentage change in UK retail prices 1949 2003 96
5.5 Annual percentage change in the UK money supply (M4)
1970 2000 97
5.6 UK gross and net public investment 1963 4 to 2000 1 98
5.7 UK public gross investment as a percentage of total
managed expenditure 1965 6 to 2001 2 99
xiv Illustrations
5.8 UK general government gross capital formation for
education 1956 2001 99
5.9 UK total net government expenditure on R D 1967 2001 100
5.10 UK general government gross capital formation for
health 1956 2001 101
5.11 UK public investment in roads 1969 70 to 2001 2 102
5.12 UK gross public investment including capital spending by
the private sector under the PFI 1963 4 to 2001 2 103
5.13 UK business and public sector investment 1965 2002 105
5.14 UK total business investment in R D 1967 2000 106
5.15 UK national savings 1982 3 to 2001 2 107
5.16 UK national savings and private investment 1982 3 to 2001 2 107
5.17 UK real public expenditure on education 1974 5 to 2000 1 110
5.18 Real education expenditure by sector for England
1993 4 to 2001 2 111
Figure
3.1 The balanced budget multiplier 47
Tables
2.1 Key documents of the Third Way program 14
4.1 Clinton's 1993 expansion of the EITC 56
4.2 US interest rates 66
4.3 Student financial assistance under the Clinton Administration 77
4.4 Change in US employment by industry 1989 99 85
4.5 The distribution of US wealth and income 86
5.1 UK government spending 93 |
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| geographic_facet | Großbritannien USA United States Economic policy 1993-2001 Great Britain Economic policy 1997- |
| id | DE-604.BV021589648 |
| illustrated | Illustrated |
| index_date | 2024-07-02T14:44:02Z |
| indexdate | 2024-07-09T20:39:21Z |
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| language | English |
| lccn | 2005008611 |
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| spelling | Romano, Flavio Verfasser aut Clinton and Blair the political economy of the third way Flavio Romano 1. publ. London [u.a.] Routledge 2006 XIV, 166 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier Includes bibliographical references and index Clinton, Bill 1946- Blair, Tony 1953- Clinton, Bill 1946- (DE-588)119063395 gnd rswk-swf Blair, Tony 1953- (DE-588)119305658 gnd rswk-swf Wirtschaftspolitik Mixed economy Dritter Weg (DE-588)4122121-7 gnd rswk-swf Wirtschaftspolitik (DE-588)4066493-4 gnd rswk-swf Großbritannien USA United States Economic policy 1993-2001 Great Britain Economic policy 1997- Wirtschaftspolitik (DE-588)4066493-4 s Dritter Weg (DE-588)4122121-7 s DE-604 Clinton, Bill 1946- (DE-588)119063395 p Blair, Tony 1953- (DE-588)119305658 p http://www.loc.gov/catdir/toc/ecip0510/2005008611.html Table of contents HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=014805149&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Romano, Flavio Clinton and Blair the political economy of the third way Clinton, Bill 1946- Blair, Tony 1953- Clinton, Bill 1946- (DE-588)119063395 gnd Blair, Tony 1953- (DE-588)119305658 gnd Wirtschaftspolitik Mixed economy Dritter Weg (DE-588)4122121-7 gnd Wirtschaftspolitik (DE-588)4066493-4 gnd |
| subject_GND | (DE-588)119063395 (DE-588)119305658 (DE-588)4122121-7 (DE-588)4066493-4 |
| title | Clinton and Blair the political economy of the third way |
| title_auth | Clinton and Blair the political economy of the third way |
| title_exact_search | Clinton and Blair the political economy of the third way |
| title_exact_search_txtP | Clinton and Blair the political economy of the third way |
| title_full | Clinton and Blair the political economy of the third way Flavio Romano |
| title_fullStr | Clinton and Blair the political economy of the third way Flavio Romano |
| title_full_unstemmed | Clinton and Blair the political economy of the third way Flavio Romano |
| title_short | Clinton and Blair |
| title_sort | clinton and blair the political economy of the third way |
| title_sub | the political economy of the third way |
| topic | Clinton, Bill 1946- Blair, Tony 1953- Clinton, Bill 1946- (DE-588)119063395 gnd Blair, Tony 1953- (DE-588)119305658 gnd Wirtschaftspolitik Mixed economy Dritter Weg (DE-588)4122121-7 gnd Wirtschaftspolitik (DE-588)4066493-4 gnd |
| topic_facet | Clinton, Bill 1946- Blair, Tony 1953- Wirtschaftspolitik Mixed economy Dritter Weg Großbritannien USA United States Economic policy 1993-2001 Great Britain Economic policy 1997- |
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