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Pluralism and Political Economy in Interwar Britain: G. D. H. Cole on Economic Planning

In: Political Economy and International Order in Interwar Europe

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  • Carlos Eduardo Suprinyak

    (Federal University of Minas Gerais)

Abstract

Pluralist political philosophy offered a popular alternative to the extremes of individualism and collectivism in early-twentieth century Britain. Positing the existence of multiple political allegiances, pluralism questioned the notion of state sovereignty by advocating that other associational forms should be recognized as legitimate sources of political power. In an age of increasing state intervention in economic affairs, however, this fragmentation of power concerned political economy as well. The paper explores the interplay between political claims for a weaker state and economic claims for a stronger state through a case study of G. D. H. Cole, an advocate of guild socialism and prolific writer on economic planning. Cole envisioned state-led economic planning as a transitional device for developing the communal loyalties necessary for democratic industrial self-management.

Suggested Citation

  • Carlos Eduardo Suprinyak, 2021. "Pluralism and Political Economy in Interwar Britain: G. D. H. Cole on Economic Planning," Palgrave Studies in the History of Economic Thought, in: Alexandre M. Cunha & Carlos Eduardo Suprinyak (ed.), Political Economy and International Order in Interwar Europe, chapter 0, pages 249-267, Palgrave Macmillan.
    • Handle: RePEc:pal:pshchp:978-3-030-47102-6_9
    DOI: 10.1007/978-3-030-47102-6_9
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    References listed on IDEAS

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    1. Roger E. Backhouse & Philippe Fontaine, 2018. "Economics and Other Social Sciences: A Historical Perspective," Annals of the Fondazione Luigi Einaudi. An Interdisciplinary Journal of Economics, History and Political Science, Fondazione Luigi Einaudi, Torino (Italy), vol. 52(2), pages 7-44, December.
    2. Nicholas Snowden, 2009. "Depression economics before the General Theory: the order in Cole's Chaos," Oxford Economic Papers, Oxford University Press, vol. 61(3), pages 415-439, July.
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