Contents:
We should ditch the idea that a central elite can manage away social problems, and instead debate about conflicting ideals.
What is managerialism? The Problem of Profits How old Labour failed to reconcile equality and efficiency 4. Making Work Pay The economics of tax credits 5.
The First Rule of Economics Do minimum wages cut poverty without destroying jobs? Why is it good? A Free Lunch The strange benefits of central bank independence 9.
What's Wrong With New Labour? Equality, trade-offs, managerialism and virtues No Matter of Congratulation Why economic growth shouldn't be a policy target Some Defunct Philosopher The many meanings of efficiency A Wild Goose Chase Why is equality desirable?
Why is it unattainable? The Rituals of Reason Why we all act irrationally The Idle Slave of the Passions Why rationality isn"t rational See All Customer Reviews.
Shop Books. Add to Wishlist. USD Overview New Labour's distinctive idea is that equality and efficiency are partners, not enemies. This, the book argues, is an example of managerialist ideology - the belief that trade-offs between conflicting values can be managed away by clever policies, that management can replace politics.
This is not true. New Labour's main economic policies - tax credits, the minimum wage, expanding higher education and promoting macroeconomic stability - have not removed the trade-off between equality and efficiency.
New Labour's distinctive idea is that equality and efficiency are partners, not enemies. This, the book argues, is an example of managerialist ideology - the belief. Review: The End of Politics: New Labour and the Folly of Managerialism Chris Dillow: Harriman House Publishing; ; pp ; £, hbk ISBN—
However, the failure of managerialism is not merely a failure of particular policies. There are deeper flaws in it.
It fails to recognize the multiple and conflicting meanings of the ideals of equality and efficiency. And it assumes that governments have knowledge and rationality that are in fact unattainable.
The book is a plea to remove managerialism, and replace it with genuine politics. We should ditch the idea that a central elite can manage away social problems, and instead debate about conflicting ideals. The Problem of Profits.
The First Rule of Economics. No Matter of Congratulation.