Neoliberalism
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Neoliberalism is a political and economic ideology that advocates for free-market capitalism, and that became dominant in policy-making from the late 20th century onward. The term has multiple, compet
Friedrich Hayek
Ronald Reagan (left) and Margaret Thatcher (right) were responsible for the popularisation of Neoliberalism.
Ludwig Erhard
Pamphlet calling for a protest of economic policy in 1983 following the economic crisis
Capitalism
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Capitalism is an economic system based on the private ownership of the means of production and its use for the purpose of obtaining profit. This socioeconomic system has developed historically in seve
Neoliberalism
…in policies designed to counter the volatility of free markets. One motivation for the development of policies designed to mitigate the volatility of capitalist free markets was a desire to avoid repeating the economic failures of the early 1930s, which have been attributed, in part, to the economic policy of…
Cosimo de' Medici (pictured in a 16th-century portrait by Pontormo) built an international financial empire and was one of the first Medici bankers.
Augsburg, the centre of early capitalism
A painting of a French seaport from 1638 at the height of mercantilism
Robert Clive with the Nawabs of Bengal after the Battle of Plassey which began the British rule in Bengal