The early 1930s radicalized governments and isolated free-market economists.
Evidence
Hayek was in the early stages of a career in which he would often feel that his views ran against the tenor of the times, but at no other period was the contrast as stark as in the early 1930s. As governments adopted increasingly radical approaches to an extraordinary economic crisis, academic opponents of government intervention felt ever more marginalized. Around the Atlantic world they clustered in academic environments that prided themselves on fostering opinions that challenged the mainstream, including Hayek’s own London School of Economics, the University of Chicago, and the Institute for International Studies in Geneva. — Angus Burgin, The Great Persuasion, 41
Categorization
- XREF: Connects to the broader Mont Pèlerin historiography and how these three institutional nodes (LSE, Chicago, Geneva) seeded the later MPS network. — connects to: The 1930s offered a visibly stark class antagonism that postindustrial capitalism obscures — Fredric Jameson, Marxism and Form, 24; Even Chicago free-market economists accepted state control by 1933; In the 1930s pro-business thinkers themselves rejected free markets and laissez-faire. — Dieter Plehwe, Quinn Slobodian & Philip Mirowski (eds.), Nine Lives of Neoliberalism, 66 (+10 more)
Broader Connections
- A radical Pan-Africanism emerged in the early 1930s
#exemplifies(0.80) - Radical Pan-Africanism emerged in the early 1930s led by Du Bois, James, and Wright
#exemplifies(0.80) - By the 1930s economic planning had acquired scientific credibility
#corroborates(0.78) — Dieter Plehwe, Quinn Slobodian & Philip Mirowski (eds.), Nine Lives of Neoliberalism, 76 - In the 1930s pro-business thinkers themselves rejected free markets and laissez-faire.
#contradicts(0.75) — Dieter Plehwe, Quinn Slobodian & Philip Mirowski (eds.), Nine Lives of Neoliberalism, 66 - The 1930s lacked a militant radical working-class culture despite socialist expectation
#complicates(0.75) - Economic retrenchment produced defensive embourgeoisement rather than further radicalization
#complicates(0.75) — Aijaz Ahmad, In Theory, 140 - Pre-1930s market advocates held no coherent shared doctrine
#corroborates(0.72) — Angus Burgin, The Great Persuasion, 46