Post-war consensus: Difference between revisions
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*How: Mixed economy (a market economy with private enterprises, but also a strong public sector). Keynesianism (demand management through management of government spending). [[Welfare state]] (e.g. National Health Service). | *How: Mixed economy (a market economy with private enterprises, but also a strong public sector). Keynesianism (demand management through management of government spending). [[Welfare state]] (e.g. National Health Service). | ||
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Latest revision as of 17:15, 4 April 2022
Period in British political history.
- Began: After 1945.
- Ended: in 1979. Or, as some historians argue, it petered out during Britain's economic decline in the late 1960s and 1970s.
- Who: Labour Party, Conservative Party
- What: Shared idea of employment and prosperity for everybody (and the government's responsibility for these aims)
- How: Mixed economy (a market economy with private enterprises, but also a strong public sector). Keynesianism (demand management through management of government spending). Welfare state (e.g. National Health Service).