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From the Golden to the Dark Decade, From Reforms to Isms and Ologies
Published online by Cambridge University Press: 28 March 2014
Extract
THE 1950s WERE A WONDERFUL DECADE FOR APPLIED SOCIAL science: for the belief that reason addressed to economic and social problems can improve the human condition. Compare the 1950s with the 1930s and ask how much of the improvement was due to Keynes and Beveridge. It is inevitable that a generation of debunkers should follow whose answer would be ‘not much’. But that would have seemed a strange conclusion in the 1950s; and the view of the 1950s was surely right. We had full employment in place of 10 per cent unemployment in the 1920s and nearly 15 per cent in the 1930s; and after the first years of post-war reconstruction, it was reasonable to attribute this to Keynesian demand management. We had a safety net through which relatively few fell into poverty; and this was Beveridge's social security and the welfare state.
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References
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