Clinton and Blair: The Political Economy of the Third Way

The former President of the United States, Bill Clinton and the current Prime Minister of the United Kingdom, Tony Blair have described their style of government as a "Third Way." In this important and timely book, Flavio Romano identifies and clarifies the economic implications of this particular approach to public governance.

Clinton and Blair: The Political Economy of the Third Way tests the validity of President Clinton's and Prime Minister Blair's claims of practicing a Third Way by submitting their economic policies to extensive theoretical and historical analysis. Through careful and detailed examination of their fiscal, monetary, education, employment and public and private investment policies, overwhelming evidence is presented to challenge these leaders' claim of practicing what they preach. Flavio Romano's detailed study shows that the economic policy practice of both leaders is actually rooted in standard neoclassical theory. Romano provides suggestions for an alternative course which could constitute a genuine third way.

This engaging book will be of great interest to students and practitioners of economics and politics and to those interested in world politics in general.