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The document discusses the origins and development of neoliberalism. It summarizes that neoliberalism emerged from discussions among economists and intellectuals in the 1930s who were critical of Keynesian economic policies. Key figures like Friedrich Hayek and Milton Friedman helped establish the Mont Pelerin Society in 1947 to promote free market principles. Their ideas later influenced politicians like Margaret Thatcher and Ronald Reagan to implement market-oriented reforms starting in the 1970s.
- Author
- James Poulson
- Language
- EN