Abstract
The recent explosion of interest in privatisation and deregulation is not a purely Thatcherite or eveni purely British phenomenon. This paper outlines the measures carried out or currenitly planned in a number of leading economies, examines the econiomic rationale for these policies and relates this to their political popularity. The discussion is linked to a reconsideration of earlier accounts of the expansion of the State's involvement in the economy (particularly the received account of the history of nationalisation). It also looks forward; is the current episode merely a temporary reversal of the State's expanding role in the economy, or is the movement back towards the Market a more fundamental one?
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