Yes she did turn the country from a pseudo-socialist driven economy where strength was power by introducing monetarism and the market economy.

It was her great "strength", (total belief in herself and refusal to compromise), that turned out to be her greatest "weakness".  She took monetarism and the market economy, to the ultimate, deregulating banks, privatising national industries and allowing unprofitable companies to fail, with little regard for the individuals who were the victims of such policies.

Monetarist policies had already been introduced by the Labour government but as part of a strategy to correct the economy, not the sole nor even major part of that strategy.  The economy was improving during the Callaghan term of office and if the unions had not exercised their power in a selfish way there is every chance that we would have ended with a much fairer society than we did.

It was the way in which the unions behaved during the "Winter of Discontent" that put paid to any hope there was that the Labour government could continue to turn the country round.

The unions, not the members of those unions but rather their leaders, must take equal responsibility with Margaret Thatcher for the way in which the management of the economy and the social policies of this country have evolved.