Rubinstein illustrates that the much-criticized features of Britain's class system, such as the public schools, were actually efficient instruments to enhance this competitive advantage. He closely examines Britain's cultural values and elite structures to demonstrate that these were both rational and modern, arguing that Britain's standard of living has been virtually identical to all countries whose economies have been considered more "successful." Emphasizing the central importance of London-based finance and addressing socialism, Keynesianism, and Thatcherism, "Capitalism, Culture, and Decline in" "Britain" presents an original and challenging contribution to this debate.
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