The Spanish flu pandemic of 1918 constituted a strong exogenous shock on economic activity that compounded that of the First World War. In this paper, we condition the economic importance of these shocks on the level of economic freedom measured by the HIEL project (Prados de la Escosura 2016)...

1. The Economic Paradox of Neoliberalism -- 2. The Economic Crisis -- 3. The Political Paradox of Neoliberalism -- 4. The Crisis of Democracy -- 5. Covid-19: A Pandemic with Neoliberal Characteristics -- 6. The Political Implications of the Pandemic -- 7. The Future(s) of Neoliberalism.

"In these times of pandemic, economic collapse, populist anger and ecological threat, societies are turning inward in search of protection. Neoliberalism, which has presided over decades of market globalisation, is on trial, while state intervention is making a spectacular comeback amid...