ABSTRACT

Fred Hirsch in his important book The Social Limits of Growth, has pointed to the real purposes of the so-called ‘mixed economy’, and to its problems as a mechanism for overcoming the crisis of authority in the market order. He sees it thus:

The essence of this strategy is to impose the necessary minimum of central control and guidance on an economy whose operating units remain motivated by individualistic aims and horizons and are guided by these individualistic aims in everyday behaviour.1