Thatcher shifted the boundaries of what was politically possible

Reuters features comments from Steve Davies

More than three decades after Margaret Thatcher became Britain's prime minister, her economic legacy still ripples across the world.

Thatcher, who died on Monday aged 87, stood for deregulation, a smaller state, free markets and privatization. If that sounds familiar, it is because her playbook has been copied around the world.

"She shifted the boundaries of what was politically possible," said Steve Davies, a director and economic historian at Britain's Institute of Economic Affairs think tank.

"On the one side policies such as privatization and deregulation came to be taken seriously. On the other, policies that were taken seriously - like the command economy - are no longer taken seriously."

Read the full article here.

IEA Brexit prize

Invest in the IEA. We are the catalyst for changing consensus and influencing public debate.

Donate now

Thank you for
your support

Subscribe to
publications

Subscribe

eNEWSLETTER