Why did Britain's economic policy revolution in the 1960s achieve so little? Drawing on the latest political science theories of policy networks and policy learning, Hugh Pemberton outlines a new model of economic policy making and then uses it to interrogate recently-released government documents. In explaining both the radical shift in policy and its failure to achieve its full potential, this book has much to say about the problems of British governance throughout the whole of the postwar period.

HUGH PEMBERTON was awarded his PhD at the University of Bristol in 2001. He was ESRC Postdoctoral Research Fellow there until 2002 and is presently British Academy Postdoctoral Research Fellow at the London School of Economics and Political Science.

Introduction Policy Learning and Governance 'The Great Reappraisal' New Approaches in Fiscal Policy An Incomes Policy for Growth Intervention on the Supply-side Conclusions