Butskellism

E632380

Butskellism was a mid-20th-century British political consensus in which the major parties broadly agreed on a mixed economy, welfare state, and Keynesian economic management.

All labels observed (1)

Label Occurrences
Butskellism canonical 1

How this entity was disambiguated

Statements (48)

Predicate Object
instanceOf economic policy consensus
political consensus
aimedAt economic stability
full employment
social cohesion
appliesTo Conservative Party (UK) NERFINISHED
Labour Party (UK) NERFINISHED
appliesToPeriod mid-20th century
basedOn Keynesian economics NERFINISHED
characteristic acceptance of nationalisation of key industries
acceptance of trade unions as economic actors
broad agreement between Conservative and Labour parties
state intervention to manage demand
support for full employment
support for progressive taxation
support for social security
support for the National Health Service
use of fiscal policy for economic stabilisation
coinageYear 1954
country United Kingdom
describedAs post-war economic consensus
describedBySource The Economist NERFINISHED
endTime late 1960s
field British politics
macroeconomic policy
hasComponent Keynesian economic management
mixed economy
welfare state
hasCriticism alleged complacency about inflation
blurring of ideological distinctions between parties
insufficient attention to productivity growth
hasDebate extent of party differences in economic policy
historicalContext Cold War era NERFINISHED
post-World War II reconstruction
ideology post-war consensus
influencedBy Beveridge Report NERFINISHED
wartime economic planning in the UK
language English term
namedAfter Hugh Gaitskell NERFINISHED
R. A. Butler NERFINISHED
opposedBy Thatcherism NERFINISHED
politicalPosition centrist
moderate
portmanteauOf Butler NERFINISHED
Gaitskell NERFINISHED
replacedBy Thatcherism NERFINISHED
startTime late 1940s
usedAs somewhat humorous label

How these facts were elicited

Referenced by (1)

Full triples — surface form annotated when it differs from this entity's canonical label.

post-war Britain hasPart Butskellism