This paper considers the question of what influence J.M. Keynes had on the evolution of the welfare state after the Second World War. First it weighs whether his non-utilitarian approach to economic theory and welfare measurement had an impact on the growth of the welfare state. Then it...

James Meade described himself as a liberal and used the term neo-classical to describe his economic theory but unlike many liberals he sought to improve the market economy. This paper explores Meade’s liberalism through analyzing his writings on planning, the market, justice and income...

Prices and incomes policies, aimed at directly controlling the rate of growth of prices, wages and profits, were a central element in British macroeconomic policy making from the Second World War until 1979. This paper revisits the operation of such policies and the rationales offered during...