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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
DOI: 10.2307/591579
Stable URL: http://www.jstor.org/stable/591579
Page Count: 7
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New Times or Old? A Reply to Fulcher
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Abstract

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.

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