In 1934, University of Chicago economist Henry C. Simons published a seminal policy pamphlet titled A Positive Program for Laissez Faire.
An early leader of the so-called Chicago School of economics, Simons
laid out in this short but dense work a series of reforms aimed at
rehabilitating a free-market liberal economic order in the United
States.
Simons began by noting the grave threats to liberty and democracy posed by the challenges of the Great Depression and the political responses to it. Indeed, A Positive Program was the product of a classical-liberal mind petrified by what could happen in a world in which capitalism and freedom were under siege: “the future of our civilization hangs in balance,” Simons wrote.
Read more: http://www.theamericanconservative.com/articles/capitalist-cure/
Simons began by noting the grave threats to liberty and democracy posed by the challenges of the Great Depression and the political responses to it. Indeed, A Positive Program was the product of a classical-liberal mind petrified by what could happen in a world in which capitalism and freedom were under siege: “the future of our civilization hangs in balance,” Simons wrote.
Read more: http://www.theamericanconservative.com/articles/capitalist-cure/
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