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

The former President of the United States, Bill Clinton and the current Prime Minister of the United Kingdom, Tony Blair have described their style of government as a "Third Way." In this important and timely book, Flavio Romano identifies and clarifies the economic implications of this particular approach to public governance. 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. Romano provides suggestions for an alternative course which could constitute a genuine third way. This engaging book will be of great interest to students and practitioners of economics and politics and to those interested in world politics in general. 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.--jacket. 1. An Introduction To The Third Way -- 2. The Third Way And Economic Growth -- 3. The Third Way And Public Finance -- 4. The Third Way In The United States -- 5. The Third Way In The United Kingdom -- 6. A Third Way Or No Way At All? Flavio Romano. Includes Bibliographical References (p. [126]-155) And Index.

The former President of the United States, Bill Clinton and, at the time of publication, still current Prime Minister of the United Kingdom, Tony Blair have described their style of government as a ‘Third Way’. In this important and timely book, Flavio Romano identifies and clarifies the economic implications of this particular approach to public governance.

Testing the validity of President Clinton’s and Prime Minister Blair’s claims of practising a Third Way Romano submits 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 practising what they preach.

This engaging book will be of great interest to students and practitioners of economics and politics and to those interested in world politics in general.

Half Title: Clinton and Blair......Page 2 Title Page......Page 8 Copyright......Page 9 Dedication......Page 10 Contents......Page 12 Illustrations......Page 14 Preface......Page 16 Acknowledgments......Page 18 Abbreviations......Page 20 Introduction......Page 22 1 An introduction to the Third Way......Page 23 2 The Third Way and economic growth......Page 34 3 The Third Way and public finance......Page 55 4 The Third Way in the United States......Page 73 5 The Third Way in the United Kingdom......Page 110 6 A Third Way or no way at all?......Page 133 Notes......Page 146 Bibliography......Page 147 Index......Page 178 In this important and timely book, Flavio Romano identifies and clarifies the economic implications of Clinton and Blair's 'Third Way' approach to public governance in a book of great interest to students and practitioners of economics and politics