Mixed Economy - History

History

The term "mixed economy" arose in the context of political debate in the United Kingdom in the postwar period, although the set of policies later associated with the term had been advocated from at least the 1930s. Supporters of the mixed economy, including R. H. Tawney, Anthony Crosland and Andrew Shonfield were mostly associated with the British Labour Party, although similar views were expressed by Conservatives including Harold Macmillan.

Critics of the British mixed economy, including Ludwig von Mises and Friedrich von Hayek, argued that what is called a mixed economy is a move toward socialism and increasing the influence of the state.

Around the 1930s, fascists in Italy supported the use of a mixed economy in an effort to protect national defense and security.

Read more about this topic:  Mixed Economy

Famous quotes containing the word history:

    ... in a history of spiritual rupture, a social compact built on fantasy and collective secrets, poetry becomes more necessary than ever: it keeps the underground aquifers flowing; it is the liquid voice that can wear through stone.
    Adrienne Rich (b. 1929)

    The history of a soldier’s wound beguiles the pain of it.
    Laurence Sterne (1713–1768)

    Tell me of the height of the mountains of the moon, or of the diameter of space, and I may believe you, but of the secret history of the Almighty, and I shall pronounce thee mad.
    Henry David Thoreau (1817–1862)