Free-market economists saw themselves as doomed defenders of a dying creed.

Evidence

Economists who supported the freeenterprise system perceived themselves to be the fi nal defenders of a social philosophy that was in the midst of passing away. — Angus Burgin, The Great Persuasion, 41

Categorization

  • XREF: connects to: American economists saw depressions as regular, self-correcting features of capitalism — Mark Blyth, Austerity: The History of a Dangerous…, 321; Interwar British free market economics faced contempt from mainstream figures — Philip Mirowski & Dieter Plehwe (eds.), The Road from Mont Pèlerin: The Making…, 401; Market liberalism lost ground because it was cast as status-quo defense — Angus Burgin, The Great Persuasion: Reinventing Free…, 491 (+1 more)

Broader Connections