Schumpeter, Galbraith, T.H. Marshall, Titmuss and Adam Smith
Chapter 7: T.H. Marshall: Citizenship and Social Thought
Schumpeter’s socialism is economic planning and post-competitive controls. Together with the Marxists who believe that market coordination will selfdestruct and the Fabians who advocate the nationalisation of the commanding heights, the Schumpeterian vision is one which anticipates a transition into what T.H. Marshall calls ‘Socialism A’ (Marshall, 1963: 271). Socialism A, Marshall says, is full-bodied socialism. It is ‘real socialism’, the hard-line dogma that is the inspiration for ‘all schools of thought which set out to transform the social and economic system by abolishing capitalism, whether by violence or by peaceful penetration’ (ibid.: 271–2). Marshall’s ‘Socialism A’ looks forward to a future that has evolved beyond gain-driven enterprise. Marshall’s ‘Socialism B’, social-ism and not preponderantly economics-ism, is ‘milder and less alarming’ (ibid.: 272). Socialism B raises no objection to the free market which it accepts will contribute much to allocative and dynamic efficiency. Its thesis is simply that there are high social values such as security and justice which the invisible hand, uncorrected, would leave in a state of intolerable neglect. Marshall’s ‘Socialism B’ is the material embodiment of the ‘humanitarianism associated with the so-called Tory Socialists, combined with some emergent principles of social policy developed by the more advanced Liberals, and a readiness to rely on government action which had a definitely Socialist, or as Dicey would say, “collectivist” flavour’ (ibid.: 272). Macmillan was a socialist since he did not believe that ignorance and destitution should lie where they fall. Asquith was a socialist since he was convinced...
You are not authenticated to view the full text of this chapter or article.