The Laissez-Faire Experiment: Why Britain Embraced and Then Abandoned Small Government, 1800–1914
Hardcover
- Price:
- $49.95/£42.00
- ISBN:
- Published (US):
- Sep 10, 2024
- Published (UK):
- Nov 5, 2024
- Copyright:
- 2024
- Pages:
- 512
- Size:
- 6.13 x 9.25 in.
- 62 b/w illus. 19 tables.
ebook
In the nineteenth century, as Britain attained a leading economic and political position in Europe, British policymakers embarked on a bold experiment with small and limited government. By the outbreak of the First World War, however, this laissez-faire philosophy of government had been abandoned and the country had taken its first steps toward becoming a modern welfare state. This book tells the story of Britain’s laissez-faire experiment, examining why it was done, how it functioned, and why it was ultimately rejected in favor of a more interventionist form of governance.
Blending insights from modern economic theory with a wealth of historical evidence, W. Walker Hanlon traces the slow expansion of government intervention across a broad spectrum of government functions in order to understand why and how Britain gave up on laissez-faire. It was not abandoned because Britain’s leaders lost faith in small government as some have suggested, nor did it collapse under the growing influence of working-class political power. Instead, Britain’s move away from small government was a pragmatic and piecemeal response—by policymakers who often deeply believed in laissez-faire—to the economic forces unleashed by the Industrial Revolution.