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What explains the simultaneous critiques of economic theory and liberalism during the 1930s? Early neoclassical … markets operated in an institutional vacuum. The resulting association of liberalism with laissez faire, therefore, prompted a …
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This paper will discuss how the Financial Crisis of 2008 has thrown neoliberalism into a deep legitimation crisis. Over the past four decades the neoliberal ethic of Ronald Reagan and Margaret Thatcher has permeated American life both public and private. The principles of the laissez faire...
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