1. after world war ii most western countries moved away, Ask an Expert

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1. After World War II most Western countries moved away from free markets and constructed 'mixed economies' combining nationalization, state planning, and Keynesian demand management. Why were policymakers so keen to abandon markets and adopt state planning during this period?

2. Were these the best policies for these states to follow at the time? If not, why did so many smart people get it so wrong?

3. Why were socialist economic solutions so attractive to leaders in Third World countries like India?

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