The elections of Bill Clinton and Tony Blair in the 1990s saw the consolidation and completion of critical aspects of the Reagan-Thatcher fiscal agenda. This impressive book critically analyzes this process. It has been previously thought that this process of adopting common fiscal policies was caused by economic integration and globalization, Fisc

Ravi K. Roy is Visiting Research Fellow at the Claremont Institute for Economic Policy, USA. Arthur T. Denzau is Economics Department chair and Dean of the School of Politics and Economics at the Claremont Institute for Economic Policy, USA.

Foreword By Thomas D. Willett 1. Policy Ideas and Partisan Convergence2. Paradigms, Coalitions, and Directional Shifts in Economic Policy3. Deficit Reduction and Tax Reform in the Reagan-Thatcher Era4. Deficit Reduction and Tax Reform under Clinton and Blair5. Conclusion