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Why the Third Way failed – Economics, morality and the origins of the 'Big Society' - Policy Press Scholarship Online
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Why the Third Way failed: Economics, morality and the origins of the 'Big Society'

Bill Jordan

Abstract

In the wake of the economic crash, public policy is in search of a new moral compass. This book explains why the Third Way's combination of market-friendly and abstract, value-led principles has failed, and shows what is needed for an adequate replacement as a political and moral project. It criticises the economic analysis on which the Third Way approach to policy was founded and suggests an alternative to its legalistic and managerial basis for the regulation of social relations.

Keywords: economic crash, public policy, market-friendly principles, value-led principles, social relations

Bibliographic Information

Print publication date: 2010 Print ISBN-13: 9781847426567
Published to Policy Press Scholarship Online: March 2012 DOI:10.1332/policypress/9781847426567.001.0001

Authors

Affiliations are at time of print publication.

Bill Jordan, author