Synopses & Reviews
Philip Whyman explores the Third Way's theoretical foundations, evaluates its economic strategy in terms of contemporary economics literature and contrasts its program with a more traditional form of social democratic economics, appraising the viability in adapting to the challenges posed by today's economy.
Synopsis
The apparent success of a 'new' variant of social democracy has created considerable interest in the Third Way. This book synthesizes a core economic strategy from the most significant Third Way administrations. It explores the theoretical foundations to Third Way Economics, before evaluating its economic strategy against conclusions drawn from contemporary economics literature and the relative performance of contemporary left-of-centre governments. It additionally contrasts Third Way Economics with more traditional social democratic economic policy in adapting to the challenges posed by today's economy.
About the Author
Philip Whyman is in the Department of International Business and Accountancy, Lancashire Business School, University of Lancashire.
Table of Contents
Introduction: What is the 'Third Way'? * A Response to Globalisation * Goodbye Keynes? * Central Banks and Monetary Policy * Supply-Side Reforms * Regional Economic Integration * But Does it Work? * 'Real' Social Democratic Alternatives