This volume describes and challenges the ideological basis of the free-market right. The agenda for both right and left is set by the terms of the free-market doctrines that have displaced the post-war consensus politics of liberal capitalism. No other book considers in such depth conservative ideas and policies on both sides of the Atlantic. It provides the first clear account of the distinction between conservative and other forms of capitalism. It also examines the fault lines dividing opposing camps within conservative capitalism and their consequences for domestic policy in Britain and the US. Linking political theory and public policy, it is one of the few critical appraisals of the New Right based on a clear understanding of what the arguments for the free market really are.