 | William Beveridge (March 5, 1879 - March 16, 1963) on Economics and Depressions(published by RevoltSource) |
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| William Beveridge (March 5, 1879 - March 16, 1963) on Economics and Depressions(published by RevoltSource) |
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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 #2 on Economic Struggle Quotes >> Economics and Depressions
“...it is inherent in the design of an unplanned market economy that every approach to full employment produces increasing inner tension, until this tension is relieved by the brutal cure of depression.”
Source: "Full Employment in a Free Society," by Lord Beveridge, George Allen & Unwin Ltd, 1967, originally published 1944. Appendix B: Statistical and Technical Notes, Page 342.
"Full Employment in a Free Society," by Lord Beveridge, George Allen & Unwin Ltd, 1967, originally published 1944.
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