ABSTRACT
According to Marquand (1988b), the main objective of moderate socialists in the 1960s and 1970s, following in a tradition going back as far as the Chartists, was to bring the market economy under social and political control:
… the central project of the Democratic Left has been to demystify the market: to show that the allegedly iron laws of market economics can and should be broken if the outcomes they produce are unjust or anti-social; to make the market the servant, instead of the master, of democratic politics.
