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

By: Hanlon, W. Walker

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 favor 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.

• Format: Hardcover
• Language: English
• ISBN: 0691213410
• ISBN13: 9780691213415
• Release Date: September 2024
• Publisher: Princeton University Press
• Length: 504 Pages
• Weight: 1.90 lbs.
• Dimensions: 1.5" x 6.5" x 9.5"