Timothy Mason (historian) in the context of "Economics of fascism"

Historians and other scholars disagree on the question of whether a specifically fascist type of economic policy can be said to exist. David Baker argues that there is an identifiable economic system in fascism that is distinct from those advocated by other ideologies, comprising essential characteristics that fascist nations shared. Payne, Paxton, Sternhell et al. argue that while fascist economies share some similarities, there is no distinctive form of fascist economic organization. Gerald Feldman and Timothy Mason argue that fascism is distinguished by an absence of coherent economic ideology and an absence of serious economic thinking. They state that the decisions taken by fascist leaders cannot be explained within a logical economic framework.

Fascist movements tended to not have any fixed economic principles, other than a general desire that the economy should help build a strong nation. As such, scholars argue that fascists had no economic ideology, but they did follow popular opinion, the interests of their donors and the necessities of World War II. In general, fascist governments exercised control over private property but they did not nationalize it. Scholars also noted that big business developed an increasingly close partnership with the Italian Fascist and German Nazi governments after they took power. Business leaders supported the government's political and military goals. In exchange, the government pursued economic policies that maximized the profits of its business allies.