| Abstract: | State-centred theory, a leading exemplar of the new institutionalism, assumes the separation of state from society and objectivity from subjectivity. This epistemological stance supports a structural analysis which holds that the state is an actor in its own right, that the state has distinctive interests, and that state capacity depends on strong institutions and weak societal opposition. Yet the case of the Thatcher governments'ideologically motivated privatization programme challenges the statists'hypotheses and epistemology. Rather, the making of British privatization policy supports the view that the way political actors form and use ideas is important in explaining state power and in defending the liberal democratic vision of mankind as the maker of history. |
