This book challenges the prevailing narrative that the Labour Party's economic strategy between 1979 and 1997 was solely dictated by Thatcherism and public opinion polls. It presents an alternative historical account, emphasizing the crucial role of internal and external debates within the Labour Party concerning economic understanding, the balance between markets and the state, and the persistent issue of British industrial decline. The author, R. Hill, critically examines the intellectual and ideological currents that shaped Labour's economic policies during its extended period in opposition.

The book offers a robust re-evaluation of the Labour Party's economic strategy during a pivotal period of opposition. By focusing on intellectual debates and ideological shifts rather than external pressures, it provides a nuanced perspective on the party's development. The work is likely to appeal to students and scholars of British political history, economics, and contemporary political thought seeking a deeper understanding of Labour's evolution.