Reasserting Institutionalist Insights on the Good Society: 30 Years After Petr's Call for a Mixed Economy

In this research note, I revisit the issues raised by Jerry Petr (1987) in "The Nature and Necessity of the Mixed Economy." The institutionalist mixed economy is still a sound model for the good society. However, Western industrialized countries have been losing ground on the goals of the...

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Bibliographic Details
Published in:Journal of economic issues 2018-07, Vol.52 (3), p.860-868
Main Author: Hopkins, Barbara E.
Format: Article
Language:English
Subjects:
Economic theory
good society
Industrialized nations
Institutional change
mixed economy
Neoliberalism
Pragmatism
RESEARCH NOTES
vested interests
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Summary:In this research note, I revisit the issues raised by Jerry Petr (1987) in "The Nature and Necessity of the Mixed Economy." The institutionalist mixed economy is still a sound model for the good society. However, Western industrialized countries have been losing ground on the goals of the mixed economy. The struggle to defend pragmatism over ideological attachment to neoliberalism, has evolved into a distributional struggle that cannot be resolved without institutional change.
ISSN:0021-3624
1946-326X
DOI:10.1080/00213624.2018.1489525