it would now be necessary to intervene in economic affairs to regulate imbalances, eliminate inefficiencies and compensate for the inequities and injustice of the market. Before 1914 the main emphasis in such reformist projects was confined to calls for progressive taxation, protection of labour and, occasionally, state ownership of a restricted number of natural monopolies. But with the collapse of the international economy and the ensuing war, planning took on a greater urgency and ambition. Competing proposals for a national Plan, in which the state would intervene actively to support,
...more
