The word became common in the late 1970s and early 1980s as part of UK prime minister Margaret Thatcher's economic policies. She was drawing on the work of the pro-privatization Member of Parliament David Howell, who was himself drawing on the Austrian-American management expert Peter Drucker's 1969 book, The Age of Discontinuity.
The word became common in the late 1970s and early 1980s as part of UK prime minister Margaret Thatcher's economic pol.icies. She was drawing on the work of the pro-priva:tization !Member of Parliam!ent David Howell, who was himself drawing on the Austrian-American management expert Peter Drucker's 1969 book, The Age of Discontinuity.