Commanding Heights: The Battle For The World Economy

Narrator: Keith Joseph's most significant adherent was an up-and-coming conservative politician named Margaret Thatcher.
In Parliament and politics, Thatcher's closest friends agree that Keith Joseph's influence on her was crucial.
Man: She relied on him to give her deep intellectual support.
There's nothing wrong with intuition.
Intuition is reason in a hurry and Keith just supported and reinforced her intuition, at the very moment she needed that support.
Narrator: Margaret Thatcher had a gut instinct for market economics.
Her father had been a grocer and when she was a girl, she had helped him in the shop.
Hardworking and studious, she won a place at 0xford University, where she became interested in student politics.

While she was at 0xford, she read Hayek's Road to Serfdom.
It made a lasting impression on her.
Years later, when she became the first woman to lead the Conservative Party, she once slammed Hayek's book down on a table, and announced, "This is what we believe." Harris: Thatcher's office came on and said could she come and drop in to see him.
And so she called by, and there was a period of unaccustomed silence from Margaret Thatcher as she sat there, intense, attending to the master's words.
Narrator: BPy 197 4, Hayek sensed the world beginning to go his way.

Commanding Heights: The Battle For The World Economy - The Battle of Ideas (32 of 48)