chapter  2
21 Pages

The Third Way and economic growth

It is interesting to note that Third Way policy and other documents published before Clinton and Blair entered office do not contain any explicit references to economic theories or theorists. The only explicit reference to theory in that entire time was by Gordon Brown, then Blair’s Shadow Chancellor of the Exchequer, who in the autumn of 1994 was lampooned by the media for referring to “postneoclassical endogenous growth theory” in a speech on economic policy (Crafts 1996: 30). The key documents of the Third Way program are identified in Table 2.1.