Working Paper Number
182
Publication Date
1995
Abstract
In various incarnations, egalitarianism has been a fundamental concern of economic policy for most of the twentieth century. The egalitarian impulse—and its corollary, opposition to the stark inequalities of free market capitalism—was embodied in both Soviet-style socialism and socialdemocratic Keynesianism as they developed, primarily in the first quartercentury after the end of World War II. Both models achieved major successes in a range of countries, especially through the 1960s. Countries with Soviettype economies attained high growth rates and the majority of people living in them enjoyed rising living standards, including income, job, health and housing security. The social-democratic/Keynesian approach also succeeded in reducing inequality, increasing security, as well as contributing to the dampening of the capitalist business cycle.
DOI
https://doi.org/10.7275/1284551
Comments
Working Paper 182