The Laissez-Faire Experiment: Why Britain Embraced and Then Abandoned Small Government, 1800–1914

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W. Walker Hanlon

The Laissez-Faire Experiment

Why Britain Embraced and Then Abandoned Small Government, 1800–1914

W. Walker Hanlon

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Hardback

Forthcoming
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English

Princeton University Press
02 January 2025

Globalization; Economic theory & philosophy; Economic systems & structures; Economic history

Why Britain's attempt at small government proved unable to cope with the challenges of the modern world.

In the nineteenth century, as Britain attained a leading economic and political position in Europe, British policymakers embarked on a bold experiment with small and limited government. By the outbreak of the First World War, however, this laissez-faire philosophy of government had been abandoned and the country had taken its first steps toward becoming a modern welfare state. This book tells the story of Britain's laissez-faire experiment, examining why it was done, how it functioned, and why it was ultimately rejected in favour of a more interventionist form of governance.

Blending insights from modern economic theory with a wealth of historical evidence, W. Walker Hanlon traces the slow expansion of government intervention across a broad spectrum of government functions in order to understand why and how Britain gave up on laissez-faire. It was not abandoned because Britain's leaders lost faith in small government as some have suggested, nor did it collapse under the growing influence of working-class political power. Instead, Britain's move away from small government was a pragmatic and piecemeal response

by policymakers who often deeply believed in laissez-faire

to the economic forces unleashed by the Industrial Revolution.

By: W. Walker Hanlon
Imprint: Princeton University Press
Country of Publication: United States
Dimensions: Height: 235mm, Width: 156mm,
ISBN: 9780691213415
ISBN 10: 0691213410
Pages: 504
Publication Date: 02 January 2025
Audience: College/higher education , Professional and scholarly , Primary , Undergraduate
Format: Hardback
Publisher's Status: Forthcoming

W. Walker Hanlon is associate professor of economics and co-director of the Center for Economic History at Northwestern University.