The Laissez-Faire Experiment

Why Britain Embraced and Then Abandoned Small Government, 1800-1914

Autori

• W. Walker Hanlon

Parametri

• 504 pagine
• 18 ore di lettura

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Why Britain's attempt at small government proved unable to cope with the challenges of the modern worldIn the nineteenth century, as Britain attained a leading economic and political position in Europe, British policymakers embarked on a bold experiment with small and limited government. By the outbreak of the First World War, however, this laissez-faire philosophy of government had been abandoned and the country had taken its first steps toward becoming a modern welfare state. This book tells the story of Britain's laissez-faire experiment, examining why it was done, how it functioned, and why it was ultimately rejected in favor of a more interventionist form of governance. Blending insights from modern economic theory with a wealth of historical evidence, W. Walker Hanlon traces the slow expansion of government intervention across a broad spectrum of government functions in order to understand why and how Britain gave up on laissez-faire. It was not abandoned because Britain's leaders lost faith in small government as some have suggested, nor did it collapse under the growing influence of working-class political power. Instead, Britain's move away from small government was a pragmatic and piecemeal response-by policymakers who often deeply believed in laissez-faire-to the economic forces unleashed by the Industrial Revolution.

Lingua: Inglese

Pubblicato: 2024

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