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Government and Private Enterprise in European Recovery

Published online by Cambridge University Press:  03 February 2011

W. W. Rostow
Affiliation:
Massachusetts Institute of Technology

Extract

I take it as a truism that for at least the past half century the relations between government and private enterprise in Europe have irregularly evolved in such a manner as to expand the role of government policy and action. Leaving aside the European countries which now have Communist governments and almost wholly socialized economies, this trend has been, in only small part, a matter of conscious or ideological development. Primarily, it has been the consequence of piecemeal adaptation of societies to the specific pressures and problems with which they have been confronted, latterly the problems of world depression, of war, and now of postwar adjustment.

Type
Contemporary Programs
Copyright
Copyright © The Economic History Association 1950

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References

1 For a reçent analysis of the historical process leading to increased government intervention in die economy, see Gunnar Myrdal, “The Trend Towards Economic Planning,” Ludwig Mond Lecture, 1950, to be published in December 1950 in a volume in honor of Professor Gösta Eberstein, of Stockholm University.

2 Economic Survey of Europe in 1949, published by United Nations Department of Economic Affairs, 1950.II.E.1 (Geneva, 1950), pp. 4851.Google Scholar