Abstract
Progressive economists sometimes view state and market relationships after World War II as relatively ideal, with the state supporting economic activity and helping the market economy thrive. Progressive Era legislation, and the Keynesian macroeconomic policy that emerged during the 1930s Depression, were institutionalized in the post-war period. In many respects, the Keynesian welfare state appears to have enhanced well-being. Most industrialized countries were committed to full employment, and they backed this commitment by using macroeconomic stabilization policy. Growth was maintained via increases in purchasing power and rising consumption levels for the working class. And a variety of income replacement programs for the unemployed, the disabled, and pensioners shielded workers from the harsh vicissitudes of market mechanisms.
Keywords
Welfare State Single Mother Full Employment Social Reproduction Feminist EconomicPreview
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