This is an original and controversial contribution to the topical debate on Britain's alleged economic decline. Rubinstein presents a critique of the thesis, made familiar by Wiener, Sampson, Barnett and others, that Britain has failed in economic terms because of its anti-industrial and pre-modern cultural values and class system. He argues that Britain was never an industrial economy, rather a commercial and financial one whose comparative advantage always lay in that area. He examines Britain's cultural values, class system and elite structure to demonstrate that these were unusually rational and modern by comparison with the more newly industrialized powers, and that features of the class system, such as the public schools, were actually instrumental in enhancing this competitive advantage. Emphasizing the importance of the City of London and addressing socialism, Keynsianism and Thatcherism, Rubinstein provides an energetic and challenging contribution to this debate.
- ISBN10 1280322004
- ISBN13 9781280322006
- Publish Date 1 January 1994 (first published 8 April 1993)
- Publish Status Active
- Out of Print 11 March 2015
- Publish Country US
- Imprint Taylor & Francis Group
- Edition Revised ed.
- Format eBook
- Pages 192
- Language English