This book examines the evolution and impact of managed economies in the 20th century. Feinstein, a noted economic historian, draws upon extensive archival research and economic data to present a comprehensive analysis of how governments have intervened in and shaped economic systems. The work argues that while such management has often aimed for stability and growth, it has also introduced complex challenges and unintended consequences.

This work is recognized as a significant contribution to the study of economic history, offering a detailed and nuanced perspective on the development of managed economies. Scholars often cite Feinstein's rigorous research and balanced analysis of both the successes and failures of state intervention in economic affairs. The book is considered a valuable resource for understanding the historical forces that have shaped contemporary economic policy and practice.