 From Universalism to Safety Nets: The Rise and Fall of Keynesian Influence on Social DevelopmentPeter Townsend Chapter 2 in Social Policy in a Development Context, 2004, pp 37-62 from Palgrave Macmillan Abstract: Abstract The history of social policy during the last hundred years would be seriously incomplete without giving a full account of the dramatic influence of John Maynard Keynes. He was instrumental in helping Europe recover from the Second World War of 1939–45 — in contrast to the failures after the First — and in establishing the Bretton Woods institutions and the welfare state. Social development lay at the heart of his concern — in the construction of practical policies as much as in his astute handling of economic theory. He cut the ground from beneath the feet of classical and neo-classical economic theorists, and the policies he recommended were found to work in practice. Certainly the early postwar years represent an acknowledged watershed in world history. If not exactly a thing of the past mass unemployment was no longer an immediate threat. Recovery and economic progress were real. Inequality had been reduced. Colonial powers were in retreat. Keywords: Social Security; Welfare State; Transnational Corporation; Welfare Regime; Bretton Wood Institution (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pal:sopchp:978-0-230-52397-5_2 Ordering information: This item can be ordered from Access Statistics for this chapter More chapters in Social Policy in a Development Context from Palgrave Macmillan |
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