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The apparent success of a 'new' variant of social democracy has created considerable interest in the Third Way. This book synthesizes a core economic strategy from the most significant Third Way administrations. It explores the theoretical foundations to Third Way Economics , before evaluating its economic strategy against conclusions drawn from contemporary economics literature and the relative performance of contemporary left-of-centre governments. It additionally contrasts Third Way Economics with more traditional social democratic economic policy in adapting to the challenges posed by today's economy.
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PHILIP B. WHYMAN is Reader in Economics at the University of Central Lancashire, UK. Recent publications include The Impact of the Euro, Sweden and the 'Third Way', An Analysis of Economic Democracy Reforms in Sweden, Britain, the Euro and Beyond, The Left and EMU, British Trade Unions and EMU and Social Democracy and European Monetary Integration.
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