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This textbook offers a distinctive introduction to the study of the British political economy and public policy, using three models of coordination central to the analysis of the public and private sectors: markets, hierarchies and networks. These models are used to explore key areas of the British political economy. Cases examined include core industries of strategic importance to the economy and the major elements of the public sector. This original and wide-ranging text will be an invaluable supplement to a wide range of courses on contemporary Britain.