This important new book 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 still did poorly. Terrence Casey argues that this was as a result of variations in social contexts--a combination of institutions, interests and economic culture. Social context is a crucial intervening variable between the policies selected by decision-makers and the performance of economies, thus the key for enhancing prosperity is the proper match between economic policies and the context in which they are implemented.

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