There are Many Alternatives: Margaret Thatcher in the History of Economic Thought

2002 ◽  
Vol 24 (3) ◽  
pp. 307-311 ◽  
Author(s):  
Bradley W. Bateman

The last twenty-five years of the twentieth century were freighted with important moments for historians of economic thought: the collapse of the Keynesian consensus, the rise (and fall) of monetarism, the collapse of the former Soviet Union and the other Marxist-Leninist states in central and eastern Europe, the rise of neo-liberalism, and arguments over the possible emergence of a “New Economy” following the internet investment boom at the end of the 1990s. Each of these moments will require its own history as we slowly move away from the tumult of the times and begin to weigh them for their own significance. But several of the moments have a common iconic face in Margaret Thatcher, the Prime Minister of Great Britain from 1979 to 1990. Few other individuals so readily embody the sense of the times. Thatcher's election—a full year and a half before Ronald Reagan's—marks for many people the moment when Keynesian policies finally and irretrievably lost their legitimacy. Likewise, the timing of her election, just two months before Paul Volcker's selection as the chair of the Federal Reserve Board of Governors in the United States, also means that for many people Thatcher's is the public face of monetarism's ascendancy. Finally, there is probably no one person whose name is so clearly associated with the rise of free market thinking and neo-liberalism during the end of the twentieth century.

2020 ◽  
pp. 1-35
Author(s):  
Gordon L. Miller

American zoologists and herpetologists during the past fifty years have successfully deciphered the mating calls of frogs and toads with ever increasing precision and sophistication. However, the vocalizations most commonly termed “rain calls,” which typically occur beyond both normal breeding seasons and breeding sites, have remained a persistent puzzle. This article traces the gradual disappearance of rain calls, along with a corresponding decline in any mention of emotional states, from herpetological studies of anuran vocalizations in the United States from the middle of the twentieth century to the present and examines the historical roots of this disappearance. This evaporation of rain calls is indicative of a much larger change in the scientific climate of the times involving the transition from traditional natural history to the Neo-Darwinian, adaptationist paradigm of contemporary biology. Rain calls thus increasingly became anomalous, thereby eliminating a possibly fruitful line of inquiry in the comparative study of human-animal communication, in this case with evolution's earliest vocalizers. The contours and benefits of a more encompassing paradigm, envisioned by some leading early twentieth-century zoologists, are briefly discussed.


2016 ◽  
Vol 20 (2) ◽  
pp. 135-156
Author(s):  
Mediel Hove

This article evaluates the emergence of the new Cold War using the Syrian and Ukraine conflicts, among others. Incompatible interests between the United States (US) and Russia, short of open conflict, increased after the collapse of the former Soviet Union. This article argues that the struggle for dominance between the two superpowers, both in speeches and deed, to a greater degree resembles what the world once witnessed before the collapse of the Union of Soviet Socialist Republics (USSR) in 1991. It asserts that despite the US’ unfettered power, after the fall of the Soviet Union, it is now being checked by Russia in a Cold War fashion.


Author(s):  
K. V. Shlykov

The article explores the significance of Mikhail Gorbachev's first journey to the UK in December 1984 for the East-West relations. The visit was initiated by Margaret Thatcher who wanted to get acquainted with the potential Soviet leader as she hoped to become a trusted intermediary between Moscow and Washington. The revitalization of contacts with the USSR was a part of Britain's resurgence as a major world player after the Falklands victory. The discussions in London focused on the issue of strategic stability, though they could only serve to give the parties a better understanding of each other's position, as no political agreement could be reached due to the nature of the visit and the fact that any agreement on the subject had to be between the Soviet Union and the United States. The bilateral relations issues being discussed included mostly economic cooperation and such problems as human rights in the USSR and Soviet assistance to the British miners' strike. Gorbachev's speech on "new political thinking" and "a common European home", expressions first used during the visit to Uk, rang hollow to London, however Thatcher had the impression that she could deal with the Soviet politician in future. The British public opinion also saw Mikhail Gorbachev and his wife favourably. Later statements of Lady Thatcher and Gorbachev's critics on the meeting being defining for the foreign policy of the perestroika era should be seen as exaggerated, as the demise of the Communist system and the USSR were not foreseen by anyone in 1984, either in London or in Moscow.


2016 ◽  
Vol 4 (1) ◽  
pp. 39
Author(s):  
Novita Mujiyati ◽  
Kuswono Kuswono ◽  
Sunarjo Sunarjo

United States and the Soviet Union is a country on the part of allies who emerged as the winner during World War II. However, after reaching the Allied victory in the situation soon changed, man has become an opponent. United States and the Soviet Union are competing to expand the influence and power. To compete the United States strive continuously strengthen itself both in the economic and military by establishing a defense pact and aid agencies in the field of economy. During the Cold War the two are not fighting directly in one of the countries of the former Soviet Union and the United States. However, if understood, teradinya the Korean War and the Vietnam War is a result of tensions between the two countries and is a direct warfare conducted by the United States and the Soviet Union. Cold War ended in conflict with the collapse of the Soviet Union and the United States emerged as the winner of the country.


2002 ◽  
Vol 30 (1) ◽  
pp. 25-30
Author(s):  
Soumana Sako

The flight of human capital is a phenomenon that has been of concern to academics and development practitioners for decades. Termed the brain drain, it represents the loss of highly skilled professionals from a source country to a recipient country. Migrants leave one country for another as a result of strong attractions associated with differentials in living conditions, opportunities for professional advancement, and the existence of an environment that is conducive to peace and security. The term brain drain gained currency in the 1950s. Then it referred to emigration of scientists to the United States from countries such as Britain, Canada, and the former Soviet Union. Today, the concept is used to denote the flight of highly skilled professionals and academics from developing to developed countries.


Author(s):  
Daniel Stedman Jones

This concluding chapter reviews how neoliberalism transformed British, American, and global politics. At the dawn of the twenty-first century, the triumph of the free market was almost universally accepted by mainstream politicians, public officials, and civil servants. More importantly, the distinctive neoliberal brand of free market individualism had prevailed over alternative forms of managed market-based capitalism. Transatlantic neoliberal politics successfully transformed the commonsense assumptions of policymakers in Great Britain and the United States when confronted with social and economic problems, especially in the years after Margaret Thatcher left office. Value for money is effectively delivered through the discipline of the market to satisfy consumer wants. An equilibrium is achieved through the price mechanism, guiding the activities of disparate sellers and producers.


Author(s):  
Peter Rutland

This chapter examines US foreign policy in Russia. The collapse of the Soviet Union in 1991 raised a number of questions that have profound implications for American foreign policy; for example, whether the Russian Federation, which inherited half the population and 70 per cent of the territory of the former Soviet Union, would become a friend and partner of the United States, a full and equal member of the community of democratic nations, or whether it would return to a hostile, expansionary communist or nationalist power. The chapter considers US–Russia relations at various times under Bill Clinton, Boris Yeltsin, George W. Bush, Vladimir Putin, Barack Obama, Dmitry Medvedev, and Donald Trump. It also discusses a host of issues affecting the US–Russia relations, including the enlargement of the North Atlantic Treaty Organization (NATO), the crisis in Kosovo and Ukraine, and the civil war in Syria.


Author(s):  
S. Nazrul Islam

Chapter 4 provides a few case studies of rivers to illustrate the consequences of the Commercial approach. These rivers are: the Colorado River of the United States; the Murray-Darling river system of Australia; the Amu Darya and Syr Darya of the former Soviet Union; the Nile River of Africa; and the Indus River of South Asia. It shows that in each case, the application of the Commercial approach has led to river fragmentation and excessive withdrawal of water, leading to exhaustion of rivers, which in turn led to salinity intrusion and erosion, subsidence, and desiccation of the deltas. The ecology of the river basins has been damaged, including loss of aquatic and terrestrial biodiversity. In case of the Amu Darya and Syr Darya Rivers, this damage includes the destruction of the Aral Sea, once considered the second-largest inland waterbody of the world. In each case, the Commercial approach has led to conflicts among co-riparian countries.


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