This site uses cookies. By continuing to browse this site you are agreeing to our use of cookies. For more information, see our privacy statement

New Left Review I/195, September-October 1992


Andrew Glyn

The Costs of Stability: The Advanced Capitalist Countries in the 1980s

It is widely recognized that economic policy in the advanced capitalist countries shifted profoundly in the 1980s. Employment levels were abandoned to market processes, government deficits would be eliminated to squeeze inflation and release resources for private initiative, profitability had to be restored to improve the climate for investment previously ‘crowded out’, and the egalitarian trends in government intervention had to be reversed in the name of incentives. Fundamentally this lurch represented an attempt to claw back from workers some of the economic gains that the long period of high employment had brought, full employment and growing wages and welfare spending being blamed for the deterioration of economic performance of the later 1960s and the 1970s.

Subscribe for just £36 and get free access to the archive
Please login on the left to read more or buy the article for £3

Username:

Andrew Glyn, ‘The Costs of Stability: The Advanced Capitalist Countries in the 1980s’, NLR I/195: £3
Password:
 



If you want to create a new NLR account please register here

’My institution subscribes to NLR, why can't I access this article?’

Download a PDF file


See the contents of NLR I/195


Buy a copy of NLR I/195


Subscriptions