Abstract
Beveridge is chiefly remembered as a social and administrative reformer, whose Social Insurance and Allied Services (1942) set out the basic principles and structure of the post-war welfare state. Paradoxically, however, he thought of himself chiefly as an academic economist whose significance for posterity would lie in the fields of manpower policy and the theory of prices. Throughout his life his approach to economic problems was resolutely inductive and empirical, in contrast with the deductive and analytical method characteristic of most English economists. His early work, Unemployment: A Problem of Industry (1909), was based on detailed statistical analysis of the case-papers of applicants for unemployment relief. It drew attention to the structural, geographical and informational barriers that stood in the way of a perfect market for labour; and although its challenge to orthodox theory was practical rather than theoretical, it helped to erode belief in a natural economic equilibrium. Later editions of Unemployment (revised with the help of Lionel Robbins) were more strongly influenced by classical economic thought, but Beveridge never abandoned his belief that unemployment could only be cured by state intervention to organize and rationalize the market for labour. Beveridge in the 1930s was initially highly critical of the Keynesian analysis of unemployment; and although during the early 1940s he gradually absorbed many aspects of Keynesian thought, his Full Employment in a Free Society (1944) differed markedly from Keynes in its emphasis on the need for physical as well as fiscal controls over the economy and, in particular, on manpower planning.
Keywords
- Beveridge, W. H.
- Keynesian analysis of unemployment
- Mixed economy
- Pigou, A. C.
- Poor Law
- Redistribution of income
- Robbins, L. C.
- Social insurance
- Transfer payments
- Unemployment
- Welfare economics
- Welfare state
JEL Classifications
This is a preview of subscription content, log in via an institution.
Buying options
Tax calculation will be finalised at checkout
Purchases are for personal use only
Learn about institutional subscriptionsAuthor information
Authors and Affiliations
Editor information
Copyright information
© 2018 Macmillan Publishers Ltd.
About this entry
Cite this entry
Harris, J. (2018). Beveridge, William Henry (1879–1963). In: The New Palgrave Dictionary of Economics. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-95189-5_250
Download citation
DOI: https://doi.org/10.1057/978-1-349-95189-5_250
Published:
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-95188-8
Online ISBN: 978-1-349-95189-5
eBook Packages: Economics and FinanceReference Module Humanities and Social SciencesReference Module Business, Economics and Social Sciences