An Anglo-Saxon economy or Anglo-Saxon capitalism (so called because it is supposedly practiced in English-speaking countries such as the United Kingdom, the United States, Canada, New Zealand, Australia and Ireland ) is a capitalist macroeconomic model that emerged in the 1970s, based on the Chicago school of economics, in which levels of regulation and taxes are low, and government provides relatively fewer services.
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... Proponents of the term "Anglo-Saxon economy" argue that the economies of these countries currently are so closely related in their liberalist and free market orientation that they can be regarded as sharing a specific ... Differences between Anglo-Saxon economies are illustrated by taxation and the welfare state ... Although the term refers to the macroeconomics of Anglo-Saxon countries, it isn't limited to English-speaking countries ...
Famous quotes containing the words economy, anglo-saxon:
“Quidquid luce fuit tenebris agit: but also the other way around. What we experience in dreams, so long as we experience it frequently, is in the end just as much a part of the total economy of our soul as anything we really experience: because of it we are richer or poorer, are sensitive to one need more or less, and are eventually guided a little by our dream-habits in broad daylight and even in the most cheerful moments occupying our waking spirit.”
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