Full Text

New Right


Subject Literature

DOI: 10.1111/b.9781405168908.2010.x


The term used to denote a broad range of L iberal and conservative ideas which came to prominence in Britain, France, and the United States during the 1970s in opposition to social democratic/New Deal ideologies, practices, and institutions. By then various forms of state intervention adopted since the 1930s in the name of economic growth, social justice, and political stability had become associated with persistent inflation, economic stagnation, and the corrosion of government authority. In this context a revival of interest in both economic L iberalism and the conditions for social order and government authority was translated into at least the rhetoric – and to some extent the practice – of British and American government in the 1980s. Monetary stability, according to economic liberals such as Milton F riedman , could be achieved by strict government control of the quantity of money in circulation, while economic efficiency and growth could be obtained by disengaging the state from economic activity – on the assumption that individuals responding to price signals in markets provide the best mechanism to achieve these goals. Interventionist government, in this view, distorts the price mechanism and spawns coercion, bureaucracy, uniformity, and the dominance of producers’ interests rather than those of the consumer. Friedrich von Hayek's social epistemology was influential in ... log in or subscribe to read full text

Log In

You are not currently logged-in to Blackwell Reference Online

If your institution has a subscription, you can log in here:


     Forgotten your password?

Find out how to subscribe.

Your library does not have access to this title. Please contact your librarian to arrange access.

[ access key 0 : accessibility information including access key list ] [ access key 1 : home page ] [ access key 2 : skip navigation ] [ access key 6 : help ] [ access key 9 : contact us ] [ access key 0 : accessibility statement ]

Blackwell Publishing Home Page

Blackwell Reference Online ® is a Blackwell Publishing Inc. registered trademark
Technology partner: Semantico Ltd.

Blackwell Publishing and its licensors hold the copyright in all material held in Blackwell Reference Online. No material may be resold or published elsewhere without Blackwell Publishing's written consent, save as authorised by a licence with Blackwell Publishing or to the extent required by the applicable law.

Back to Top