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Abstract

This note traces the deepening involvement of Government in economic and industrial activities. Firstly, it offers a short historical account of that involvement. Secondly, an analytical and theoretical account of the role of modern UK government in the economy is linked to a review of the different political perspectives on what this role should be. Thirdly, the note reflects on the experience of other major industrialised economies. Fourthly, it examines the mechanics of intervention in terms of Industry''s response, and in particular the roles of the key UK economic interest groups. Finally, it considers the limits of intervention.
Location:
Other setting(s):
1986

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Abstract

This note traces the deepening involvement of Government in economic and industrial activities. Firstly, it offers a short historical account of that involvement. Secondly, an analytical and theoretical account of the role of modern UK government in the economy is linked to a review of the different political perspectives on what this role should be. Thirdly, the note reflects on the experience of other major industrialised economies. Fourthly, it examines the mechanics of intervention in terms of Industry''s response, and in particular the roles of the key UK economic interest groups. Finally, it considers the limits of intervention.

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Location:
Other setting(s):
1986

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