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New Times or Old? A Reply to Fulcher
W. G. Runciman
The British Journal of Sociology
Vol. 46, No. 4 (Dec., 1995), pp. 708-714
Published by: Wiley on behalf of The London School of Economics and Political Science
Stable URL: http://www.jstor.org/stable/591579
Page Count: 7
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This reply to James Fulcher's recent article in this journal rejects his claim that British capitalism in the 1980s was of a fundamentally different kind from what it had been from the 1920s to the 1970s. The rejection is on three grounds: first, Fulcher treats as changes in Britain's mode of production what are no more than changes in government policy within that mode; second, he ignores the extent to which secular changes discernible in the 1980s antedate the change of government in 1979; and third, he is led to exaggerate the significance of the changes which he sees through not recognizing the similarities between the 1980s and the 1930s.
The British Journal of Sociology © 1995 London School of Economics