Jc. Jenkins et Cm. Eckert, The right turn in economic policy: Business elites and the new conservative economics, SOCIOL FORM, 15(2), 2000, pp. 307-338
What was the role of business elites in the development of the new conserva
tive economic policies' Corporate elite and class fraction arguments have b
een invoked to explain this "right turn" but have not been systematically e
valuated. Combining a decision-making history with an elite background anal
ysis of the key policy entrepreneurs behind these policies, we show that: (
I) moderate conservative and ultraconservative business policy organization
s (BPOs) developed the main policy proposals and inserted them on the natio
nal policy agenda against the opposition of corporate liberal BPOs; and (2)
the corporate elite dominated the boards of all three policy camps while s
ocial, regional and industrial divisions accounted for policy divisions. Co
rporate elite theory needs to be revised to address the social, industrial
and regional divisions that create policy divisions and the political press
ures from below that condition the dominance of business coalitions.