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After the most serious economic crash since the 1930s and the slowest recovery on record, austerity rules. Spending on the welfare state did not cause the crisis, but deep cuts in welfare budgets has become the default policy response. The welfare state is seen as a burden on wealth creation which can no longer be afforded in an ever more competitive global economy. There are calls for it to be dismantled altogether.

In this incisive book, leading political economist Andrew Gamble explains why western societies still need generous inclusive welfare states for all their citizens, and...

After the most serious economic crash since the 1930s and the slowest recovery on record, austerity rules. Spending on the welfare state did not cause the crisis, but deep cuts in welfare budgets has become the default policy response. The welfare state is seen as a burden on wealth creation which can no longer be afforded in an ever more competitive global economy. There are calls for it to be dismantled altogether.

In this incisive book, leading political economist Andrew Gamble explains why western societies still need generous inclusive welfare states for all their citizens, and...

• A lively and authoritative discussion of an important, timely and contemporary issue
• Investigates how devolution has brought a new focus on the future of Britain and the nature of Britishness
• Discusses the challenge of a more diverse society, with the search for a basis of social cohesion and solidarity
• Examines Gordon Brown's Britishness project, with its aim of producing a statement of British values

By the time Margeret Thatcher resigned as Prime Minister in 1990, she has tranformed the fortunes of her Conservative Party. Under her leadership the Conservatives won three general election victories in a row over a divided opposition and enjoyed a degree of political and ideological dominance that led many to speak of the end of the socialist era and the emergence of a new consensus. What Reagan had done in the United States, Margaret Thatcher had done in Britain. A new wordThatcherismhad entered the political lexicon.

Thatcherism came to signify a wide-ranging and distinctive...

This major re-assessment by a leading political economist shows that the 2008 financial crash was no ordinary crisis, but the harbinger of a much deeper convulsion comparable to the major past crises of capitalism. While it is still uncertain whether it will become a transformative crisis for the international order, what we do know already is that:

- While the crash particularly affected western states, and those unevenly, no part of the international economy is immune from its effects.
- While the immediate crisis was contained, its magnitude is shown by how long it has taken...