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Masters of the UniverseHayek, Friedman, and the Birth of Neoliberal Politics$
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Daniel Stedman Jones

Print publication date: 2014

Print ISBN-13: 9780691161013

Published to Princeton Scholarship Online: October 2017

DOI: 10.23943/princeton/9780691161013.001.0001

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The Postwar Settlement

The Postwar Settlement

(p.21) 1 The Postwar Settlement
Masters of the Universe

Daniel Stedman Jones

Princeton University Press

This chapter describes the contours and limits of the political settlement in Great Britain and the United States in the middle of the twentieth century. It shows how at the heart of both New Deal liberalism and the British Liberal and Labour reforms was a happy conception of the state so long as its power was in the hands of an enlightened and expert policy elite. The famous Brain Trust around Franklin Roosevelt and the progressive liberal civil service personified by Beveridge and Keynes fit exactly this notion of top-down reform for the benefit of society as a whole. The progressive liberal project was not revolutionary; it was born of a desire to preserve and defend liberal democracy and the capitalist system.

Keywords:   political settlement, United States, Great Britain, New Deal liberalism, British Liberal reforms, Franklin Roosevelt, top-down reform, liberal democracy, capitalist system

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