This collection includes ten classic texts of 20th-century British political economy. The texts deal with managed capitalism, the welfare state and the middle ground, and should promote readers’ understanding of British politics and economic ideology in the years since the Great Depression called into question the automacity of the laissez-faire market. The issues themselves are relevant to all countries and these texts have been influential throughout the world. This edition makes previously out-of-print or difficult to obtain works available as a valuable resource for scholars and other readers with an interest in exhange and authority, the market and the State. The introduction analyzes the impact of the texts on 20th-century British political economy and the development of economic thought in this period. Each volume is introduced by an editorial note containing information on the text, a biographical sketch of the author and bibliographical references.