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David Blanchflower, the Bruce V. Rauner Professor of Economics at Dartmouth, talks with Bloomberg Television about the career of Margaret Thatcher, the former U.K. prime minister who died on April 8.

“Clearly, Thatcher and Reagan together established the importance of markets, but we’ve obviously seen a huge recession, and perhaps Thatcher would be rather more responsive to the need in countries around the world to actually get growth,” says Blanchflower. “I think Thatcher was a realist.”

Blanchflower continues, “There is a significant legacy for Thatcher both in the U.K., in the U.S., and elsewhere.”

Watch the full interview, broadcast on 4/8/13 on Bloomberg Television.