Anglo-Saxon Economy

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.

Read more about Anglo-Saxon Economy:  Disagreements Over Meaning

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Anglo-Saxon Economy - Disagreements Over Meaning
... 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.
    Friedrich Nietzsche (1844–1900)

    The Anglo-Saxon hive have extirpated Paganism from the greater part of the North American continent; but with it they have likewise extirpated the greater portion of the Red race. Civilization is gradually sweeping from the earth the lingering vestiges of Paganism, and at the same time the shrinking forms of its unhappy worshippers.
    Herman Melville (1819–1891)