Term Papers on Mixed Economy

Term Paper Title	Mixed Economy
# of Words	946
# of Pages (250 words per page double spaced)	3.78

Mixed Economy

     The following is a discussion about Europe's mixed Economy.    After the war Europe was on hard times.   Most economies were feeling the burden of the war.  Most economies needed serious change, to rebuild their countries.  The move that most of Western Europe seemed to be heading towards was that of a mixed economy.  These countries of Western Europe needed to act fast so that communism didn't capture the entire continent

     Britain is the first country this book discuss.  The Labourites saw Britain as a nation whose capitalist had failed it.  They claimed that few men hoarded all the profits, while the workers were deprived.  Many of the intellectuals of this time sought to move Britain towards "Collective Welfare." The Labour politicans took power near the end of World War II.  They wanted to make government into "The protector and partner of the people and take on responsibility for the well-being of its citizens."  The Labour government implementing the recommendations of the Beveridge report, established Nation Health Service, created pensions, and promoted better education and housing.  This added up to the "Welfare State," as the labourites called it.  The implemented nationalization approaches.  These failed due to the lack of resources from the war.  This lead to the abandonment of a centrally planned British industry.

     France faced many of the same hardships that Britain did.  To control this the French state took control over such things as banking, electricity, gas, coal, railroads, and various other industries.  However as quickly as this nationalism was implemented, the process was halted.  The French sought a middle way between free markets and socialism.  Jean Monnet fathered this plan that changed the French economy.

     The group of the Ordoliberals was the group that was to shape the German economy.  Market forces and a competitive economy were the standard for the Ordoliberals.  They claimed that government's responsibility was to create and maintain a framework that promoted competition and prevented cartels.  Competition was the best way to prevent private or public concentrations of power.

     John Maynard Keynes, was the most influential economist of the twentieth century.    He believed that the economy was chronically unstable and subject to fluctuations.  His solution to this was to replace the missing private investment with public investments.  This would be the only way to get closest to full employment.

     Many Americans believed there was an excess of capitalism before the great depression.  The New Deal was put into place.  This was market orientated, but government still held considerable sway over the market.  This idea was maintained until new economic disruptions arose.  The US was becoming more and more and industrial nation.  The main economic regulation of this time focused on one particular problem.  What to do about monopolies and business with large control of there market.  The plan was to break up these bad "trusts."  T...

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