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The Legacy

In: Sidney and Beatrice Webb

Author

Listed:
  • David Reisman

    (University of Surrey
    Nanyang Technological University)

Abstract

The legacy is a mixed ethos combined with a mixed economy. The Webbs were individualists as well as collectivists. They believed in both freedom from and freedom to, in both the market and the plan. They were fact-gatherers but also moral philosophers. They were committed to democracy and public opinion but also to expert leadership and a manipulative nudge. They predicted that the future would go red. At the same time they had learned from history that evolution is susceptible to surprise, uncertainty and false turnings. The legacy of the Webbs is the caution accompanied by the confidence. Their rush to compromise is at once both the greatest selling-point and the greatest shortcoming of their contribution to the social sciences.

Suggested Citation

  • David Reisman, 2022. "The Legacy," Great Thinkers in Economics, in: Sidney and Beatrice Webb, chapter 0, pages 265-272, Palgrave Macmillan.
    • Handle: RePEc:pal:gtechp:978-3-031-10008-6_14
    DOI: 10.1007/978-3-031-10008-6_14
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