Revision with unchanged content. In the face of unemployment rates around 13%, Germans tend to peer over enviously to Great Britain’s flourishing economy and think to themselves: “What do they do differently?”. The examination of the politics of Thatcher and her successors provides an answer to this question. Sebastian Henschke describes coherently and intelligibly what Thatcherism is, what its effects were and what parts of it are still in effect today. It is also discussed if elements of the British economic policy could be transferred to Germany resp. to what extent this is being done already. Subject to scrutiny are the economic systems, policies and particularly the different characteristics of the business locations Germany and Great Britain. For anyone interested in labour market policies and their effects in different countries, this book will be worth while.