Mixed Economies
Comparing the Dominant Mixed Economy Models
Most of the world's economies today operate according to some form of mixed capitalism. The two extremes of the past centuries' world economies (Adam Smith's free-market economy and the Marxist-Leninist communist economy) have exerted enough pressure on the middle to create to some degree a mixed economy in nearly every nation. There are numerous terms for and ways to describe these mixed economies. One may call them socialist, fascist, corporatist, welfare states, command capitalist, etc. The fact is that no single term really captures the essence of today's main economic models. This paper will compare the dominant models of mixed economies that nations of the world have adopted.
The dominant models of mixed economies may be seen in the American School (or "National System"), the Nordic Model (or "universal" system), the French Dirigisme Model, and the Japanese Post-War Model. Each of these models has its own particular history and its own particular structure. Each has also had some impact on the rest of the world and served as an economic model for other countries. The first is the American School, which has in a way always been latently corporatist.
For about a century after the Civil War, America's economic policy was somewhat mercantilist. Its main objectives were to protect industry through tariffs, to improve roads and other means of transportation through...
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