Origins of the Myth of Neo-Liberalism: Regulation in the First Century of US Railroading
The State, Regulation and the Economy: An Historical Perspective, Edward Elgar, 2001
29 Pages Posted: 22 Mar 2014
Date Written: 2001
Neo-liberalism has two components. One is historical, and it revolves around the idea that advanced economies - particularly those of Britain and the US - developed under conditions that are best characterized as laissez-faire. The other is definitional, and it revolves around the idea that one group of industrial policies can be defined as 'non-interventionist.'
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