Clinton and Blair: The Political Economy of the Third Way (Routledge Frontiers of Political Economy)

Synopsis

Clinton and Blair: The Political Economy of the Third Way tests the validity of President Clinton's and Prime Minister Blair's claims of practicing a Third Way by submitting their economic policies to extensive theoretical and historical analysis. Through careful and detailed examination of their fiscal, monetary, education, employment, and public and private investment policies, overwhelming evidence is presented to challenge these leaders' claim of practicing what they preach. Flavio Romano's detailed study shows that the economic policy practice of both leaders is actually rooted in standard neoclassical theory. Dr. Romano provides suggestions for an alternative course which could constitute a genuine third way.