This study examines a period of dramatic economic change in Britain during the Thatcher era. The Conservatives' free market policies generally improved the performance of the economy in Britain, but some parts of the country, for example northern England, still did poorly - Terrence Casey argues that this was a result of variations in social contexts. Social context is thus a crucial intervening variable between the policies selected by decision-makers and the performance of economies; the key for enhancing prosperity is the proper match between economic policies and the context in which they are implemented. The text provides a theoretical framework linking economic growth and civil society and offers a fresh insight into the Thatcher era.
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