Awarded the Prize of the History Support Association at the University of Tübingen for the best thesis in the academic year 2010/11.

Structural change, global economic crisis phenomena, and national waves of strikes made the 1970s appear to the British as a period of ongoing crises. At a time when talk of the "decline of Great Britain" was widespread, politicians from both parties tried to cope with these unfamiliar challenges.

Almuth Ebke shows how, over the course of the decade, well-known economic assumptions such as the Keynesian consensus of the post-war years were questioned by both the right and left ends of the political spectrum. In doing so, she examines the role the narrative of "British Decline" played in concrete economic policy.