GOVERNMENT VERSUS THE MARKET MIDDLETON R. Księgarnia

Government Versus the Market

Choice Outstanding Academic Book of 1996

This is an unusual and innovative book ... a great source of ideas for teaching and research, and Middleton is to be congratulated on his heroic exercise. R. Millward, Economic History Review

Middleton's book promises to be both an original monograph that fellow academics will admire and a textbook that students will want to buy. What he is writing i.s an impressive analysis in its own right, but he also shows an impressive mastery of an extensive literature from different disciplines. Both academics and students will see his book as a valuable vade mecum through the literature. G.C.Peden, University of Stirling, UK

Overall, a .fine study and a useful addition to the study of British economic history and the development of economic policy in the 20th century. This volume should appeal to economic historians and to politico! economists. M.Veseth, Choice

In Government versus the Market, Roger Middleton provides a comprehensive, interdisciplinary and controversial analysis of how Britain's relative economic decline from the late nineteenth century onwards generated an intense debate about the legitimate roles of government and the market. After a thorough analysis of Britain's long-run economic performance in a comparative context, which emphasizes how the problem of decline is frequently misunderstood, and an account of the long-run forces promoting and constraining government growth, he then charts how the economic role of government evolved in response to decline but produced a mix of macroeconomic and microeconomic policies which proved inadequate for the task.

This major study emphasizes the institutional and political constraints to economic modernization and uses the specific characteristics of Britain's predicament, a combination of market failure and impotent state, to explain why by 1979 the burgeoning New Right were able to launch an attack upon big government. Dr Middleton then demonstrates how Britain's subsequent economic' performance, while brilliantly propagandized as an economic renaissance, has in fact been lacklustre and why the Conservatives' economic strategy failed to address the underlying problems of decline and to reduce the size of the public sector.

Roger Middleton is Reader in the History of Political Economy at the University of Bristol, UK.

756pp

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