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.”
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.
Seek policies that blend freedom and protection.
Themes
Mood
Type
When to use this quote
- government budgeting
- social program design
- public debate
- academic research
Key Concepts
Questions to Reflect On
- How can societies reconcile profit motives with social equity?
- What safeguards prevent one side from dominating?
Implementation can be stalled by entrenched interests on both sides.