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The Use of Public Power
The mixed economy is everywhere reviled; it is pronounced to be sick and its demise is freely predicted; yet in a large part of the Western world it continues, with apparent vigour, to go about its daily business.
To explore this seeming paradox has been the object of much of Andrew Shonfield's writing since the late 1950s. By 1980, in the fifteen years since the completion of his Modern Capitalism, there had been important changes. The text of the present work was devised partly as a critical analysis of prevailing economic theories, partly as a history of economic practice and its consequ- ences. It was intended to set the scene for a full-scale re-examination of the balance of public and private power after the economic shocks of the 1970s.
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