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    Mixed economy - Wikipedia

    Mix of free markets and state intervention This meaning of a mixed economy refers to a combination of market forces with state intervention in the form of regulations, macroeconomic policies and social welfare interventions aimed at improving market outcomes. As such, this type of mixed … See more

    A mixed economy is an economic system that accepts both private businesses and nationalized government services, like public utilities, safety, military, welfare, and education. A mixed economy also promotes some … See more

    While there is no single all-encompassing definition of a mixed economy, there are generally two major definitions, one being political and the … See more

    Numerous economists have questioned the validity of the entire concept of a mixed economy when understood to be a mixture of capitalism and socialism. Critics who argue that capitalism … See more

    1. ^ Gorman, Tom. The Complete Idiot's Guide to Economics, Alpha Books (2003), p. 9. "In a market economy, the private-sector businesses … See more

    4th millennium BC
    The oldest documented mixed economies in the historical record are found as early as the 4th millennium BC in the Ancient Mesopotamian civilization in city-states such as Uruk and Ebla.
    Ancient Greek city-states
    The economies of the Ancient Greek city-states can also best be characterized as mixed economies.
    17th-century France
    Jean-Baptiste Colbert acting as finance minister for Louis XIV attempted to institute a mixed economy on a national scale.
    1914
    By 1914 and the start of World War I, Germany had developed a mixed economy with government co-ownership of infrastructure and industry along with a comprehensive social welfare system.
    1930s
    British economists such as John Maynard Keynes began to advocate for economic theories that argued more government intervention in the economy.
    post-war period
    During the post-war period and coinciding with the Golden Age of Capitalism, there was general worldwide rejection of laissez-faire economics as capitalist countries embraced mixed economies founded on economic planning, intervention, and welfare.
    1978
    Following the Chinese economic reforms initiated in 1978, the Chinese economy has reformed its state-owned enterprises and allowed greater scope for private enterprises to operate alongside the state and collective sectors.
    1990s
    The latest round of state-owned enterprise reform initiated in 2013 stressed increased dividend payouts of state enterprises to the central government and mixed-ownership reform which includes partial private investment into state-owned firms.
    2010
    In 2010, Australian economist John Quiggin wrote: "The experience of the twentieth century suggests that a mixed economy will outperform both central planning and laissez-faire."

    In the apolitical sense, the term mixed economy is used to describe economic systems that combine various elements of market economies and planned economies. As most political-economic ideologies are defined in an idealized sense, what is … See more

    • Buchanan, James M. (1986) Liberty, Market and State: Political Economy in the 1980s New York University Press.
    • Buckwitz, George D. (1991) America’s Welfare State: From … See more

     
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