How the consensus around state intervention eroded over time

It took the crisis of the 1930s for business, academic and political elites to come together in favor of a more active government in social and economic matters. Only the state could protect businesses and individuals against the risks that came with the more volatile Fordist economy. But starting in the 1970s, the aspirations for individual emancipation together with the influence of conservative economists gave rise to a new…


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