Lippmann’s 1937 Good Society launched the neoliberal program against Depression-era orthodoxy

Evidence

The publication of Walter Lippmann’s (An Inquiry into the Principles of) The Good Society in 1937 marked the beginning of a new dawn in the history of neoliberalism. The book was enthusiastically welcomed by the liberal intellectuals in Europe, perhaps even more so than in America (Steel 1980). Lippmann’s core message was the superiority of the market economy over state intervention, a principle that was (to say the least) leaning against the wind in the depths of the Great Depression. The book was brimming with insights that would later constitute the conventional wisdom in neoliberal circles, notably: In a free society the state does not administer the affairs of men. — Philip Mirowski & Dieter Plehwe (eds.), The Road from Mont Pèlerin, 105

Categorization

  • corroborated: 2 independent passages support this claim — Philip Mirowski & Dieter Plehwe (eds.), The Road from Mont Pèlerin: The Making…, 105
  • XREF: connects to: The Depression forced postwar conservatives to rebuild capitalism’s foundations, not defend them — Angus Burgin, The Great Persuasion: Reinventing Free…, 33; Lippmann’s Good Society framework shaped Hayek’s later political philosophy — Angus Burgin, The Great Persuasion: Reinventing Free…, 163; The term ‘neoliberalism’ was coined at the 1938 Colloque Walter Lippmann — Philip Mirowski & Dieter Plehwe (eds.), The Road from Mont Pèlerin: The Making…, 775 (+9 more)

Broader Connections