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Balanced Quote by Arthur M. Schlesinger, Jr

“The broad liberal objective is a balanced and flexible "mixed economy," thus seeking to occupy that middle ground between capitalism and socialism whose viability has so long been denied by both capitalists and socialists.” quote by Arthur M. Schlesinger, Jr
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“The broad liberal objective is a balanced and flexible "mixed economy," thus seeking to occupy that middle ground between capitalism and socialism whose viability has so long been denied by both capitalists and socialists.”

Arthur M. Schlesinger, Jr

About This Quote

Source Book: The Age of Roosevelt, Arthur M. Schlesinger, Jr., 1958

A mixed economy blends market freedom with social safeguards, aiming for balance between capitalism and socialism.

In simple terms: Combine market and social policies for balance.

Key Takeaway

Seek policies that blend freedom and protection.

Themes

economics politics balance policy ideology

Mood

thoughtful analytical

Type

policy philosophical

When to use this quote

  • government budgeting
  • social program design
  • public debate
  • academic research

Key Concepts

mixed economy centrist social welfare market regulation

Questions to Reflect On

  • How can societies reconcile profit motives with social equity?
  • What safeguards prevent one side from dominating?
A Different Perspective

Implementation can be stalled by entrenched interests on both sides.

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