William Beveridge (March 5, 1879 - March 16, 1963) on Economics and Depressions

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(1879 - 1963)

1st Baron Beveridge, British Welfare State Architect, British Economist, Liberal Politician, Progressive and Social Reformer

: British economist and Liberal politician who was a progressive and social reformer who played a central role in designing the British welfare state. His 1942 report Social Insurance and Allied Services (known as the Beveridge Report) served as the basis for the welfare state put in place by the Labour government elected in 1945. (From: Wikipedia.org.)


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Quote #1 on Economic Struggle Quotes >> Economics and Depressions

“There is no ground for confidence or even for hope that the economic system which produced the depression of the lamentable thirties in the United Kingdom will, if left to itself, fail to reproduce similar depressions in future. There may be worse depressions.”

Source: "Full Employment in a Free Society," by Lord Beveridge, George Allen & Unwin Ltd, 1967, originally published 1944. Part 2: Unemployment in Peace, Page 105.

"Full Employment in a Free Society," by Lord Beveridge, George Allen & Unwin Ltd, 1967, originally published 1944.

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