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008 120216s2012 enka b 001 0 eng d
010 _a 2011028142
011 _aBIB MATCHES WORLDCAT
020 _a0415680115
_qhardback
020 _a9780415680110
_qhardback
035 _a(ATU)b12366353
035 _a(OCoLC)706022634
040 _aDLC
_beng
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042 _apcc
043 _ae-uk---
050 0 0 _aHC256.7
_b.P39 2012
082 0 0 _a330.941
_223
100 1 _aPayne, Christopher,
_eauthor.
_91092807
245 1 4 _aThe consumer, credit and neoliberalism :
_bgoverning the modern economy /
_cChristopher Payne.
264 1 _aMilton Park, Abingdon, Oxon ;
_aNew York :
_bRoutledge,
_c2012.
300 _axx, 227 pages :
_billustrations ;
_c24 cm.
336 _atext
_btxt
_2rdacontent
337 _aunmediated
_bn
_2rdamedia
338 _avolume
_bnc
_2rdacarrier
490 1 _aRoutledge frontiers of political economy ;
_v152
504 _aIncludes bibliographical references and index.
520 _a"This book is an investigation into the economic policy formulation and practice of neoliberalism in Britain from the 1950s through to the financial crisis and economic downturn that began in 2007-8. It demonstrates that influential economists, such as F.A. Hayek and Milton Friedman, authors at key British think tanks such as the Institute of Economic Affairs and the Centre for Policy Studies, and important political figures of the Thatcher and New Labour governments shared a similar conception of the consumer. For neoliberals, the idea that consumers were weak in the face of businesses and large corporations was almost offensive. Instead, consumers were imagined to be sovereign agents in the economy, whose consumption decisions played a central role in the construction of their human capital and in the enabling of their aspirations. Consumption, just like production, came to be viewed as an enterprising and entrepreneurial activity. Consequently, from the early 1980s until the present day, it was felt necessary that banks should have the freedom to meet the borrowing needs of consumers. Credit rationing would be a thing of the past. Just like businesses, consumers and households could use debt to expand their stock of personal assets. By utilizing the method of French philosopher Michel Foucault this book provides an original analysis of the policy ideas and political speeches of key figures in the New Right, in government and at the Bank of England. And it addresses the key question as to why policy-makers both in Britain and the United States did little or nothing to stem rising consumer and household indebtedness, instead always choosing to see increasing house prices and homeownership as a positive to be encouraged"--
_cProvided by publisher.
588 _aMachine converted from AACR2 source record.
650 0 _aNeoliberalism
_zGreat Britain
_9605578
651 0 _aGreat Britain
_xEconomic policy
_y1997-
_9500275
651 0 _aGreat Britain
_xEconomic conditions
_y1997-
_9328392
830 0 _aRoutledge frontiers of political economy ;
_v152.
_91050452
907 _a.b12366353
_b22-08-17
_c28-10-15
942 _cB
945 _a330.941 PAY
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998 _ab
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