Is There a Third Way? Essays on the Changing Direction of Socialist Thought (Choice in Welfare No. 46)

Michael Novak; Anthony Giddens; John Lloyd; Paul Ormerod

ISBN 10: 1903386829 / ISBN 13: 9781903386828

Published by Institute of Economic Affairs, London, 1999

About this Item

PAPERBACK 1999. 2nd printing. viii+62 pages. 21x15cm. One page corner folded over. Clean & tight. No inscriptions. Dispatched ROYAL MAIL FIRST CLASS with TRACKING next working day or sooner, securely boxed in cardboard. ref DLex.

Seller Inventory # 036532

Bibliographic Details

• Title: Is There a Third Way? Essays on the Changing Direction of Socialist Thought (Choice in Welfare No. 46)
• Publisher: Institute of Economic Affairs, London
• Publication Date: 1999
• Language: English
• ISBN 10: 1903386829
• ISBN 13: 9781903386828
• Binding: Paperback
• Edition: Second Impression
• Printing: 2nd Printing
• Condition: Very Good

About this title

Synopsis

Tony Blair's victory in the 1997 General Election was really the victory of Margaret Thatcher's ideas, according to Michael Novak. The Iron Lady taught Blair the importance of growth and weaned Labour away from redistributionism and the Nanny State. Novak argues that the advocates of social democracy in the West have been put on the defensive by the collapse of communism. We now know that the most dramatic costs of the socialist experiment in Eastern Europe must be measured in the loss of human capital, including the work ethic, but in the West the reform of the welfare state is becoming urgent for the same reason. Its costs cannot be measured in terms of government expenditure alone: they must include the loss of human capital which results from welfare dependency. Therefore, as well as tackling the financial crisis of the welfare state, we need to address the spiritual crisis which threatens our civilisation. 'A free society is primarily a moral achievement.' Three distinguished commentators take issue with Novak's analysis. Anthony Giddens, Director of the London School of Economics, John Lloyd, Associate Editor of the New Statesman and Paul Ormerod, Chairman of Post Orthodox Economics, all ask whether socialism, or social democracy, can survive in an increasingly competitive global environment. The book concludes with a response from Novak to his critics, making this a valuable guide to the important contemporary debate about the supposed emergence of a Third Way, somewhere between socialism and the market.