a “managed economy” of built-in stabilizers

< Previous | Next >


Senior Member

The growth of class consciousness among the workers was inhibited by continued high levels of employment and rising earnings for almost 15 years, combined with the propaganda of views in the labor movement reflecting the influence of Keynesian theories about the ability of capitalism to solve permanently the problem of “boom and bust” through a “managed economy” of built-in stabilizers.

(This comes from a English study book in Chinese. There is the only one sentence without more context. I don't find its origins.)

I don't know what "of" means or functions here. What is the connection between "managed economy" and "built-in stabilizers"? Does it mean "a “managed economy” that has built-in stabilizers"?

Thanks in advance!
  • < Previous | Next >