TY - BOOK AU - Reagan,Michael D. TI - The managed economy AV - HC106.5 .R37 U1 - 338.973 PY - 1963/// CY - New York PB - Oxford University Press KW - Big business KW - Industrial policy KW - Free enterprise KW - United States N1 - Includes index; Includes bibliographical notes": p. 269-279 N2 - This book elaborates a theme that flows from a fact and a political belief. In this book Reagan shows that the source of the complication that we face in trying to disentangle reality from ideology is that the automatic market economy of the 19th century has been done to death, and displaced by a managerial oligarchy whose conscious choices now weigh heavily in the allocation of resources. “The rise of this managed economy,” in Reagan's words, “reunites politics and economics . . . into political economy,” not because government intervention has increased but because the important decisions, even in the private sector, are individual ones embodying entirely personal values ER -