State intervention in a range of public policy measures was well established by the late nineteenth and early twentieth centuries. The transmutation of this practice into the idea that it would be possible to direct whole economies by way of a central plan emerged from the concrete experience of modernity in a host of spheres. The driving force of this modernity and the major factor compelling attention and explanation in this period was the emergence of giant capitalist firms, because they changed the way people lived.
KeywordsLarge Firm Industrial Revolution Shop Floor Socialist Optimism Fixed Capital
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