The Market Can’t Be Tamed

In the post-war era, centrists abandoned the cause of a truly democratic economy in favour of trying to civilise the market — giving up any prospect of social equality in the process.

In the famous 1949 Cambridge University lecture on Citizenship and Social Class, the British sociologist T. H. Marshall attempted to historicise what he called ‘the modern drive towards social equality’. The conference was given in commemoration of the Cambridge economist Alfred Marshall whose 1890 Principles of Economics had shaped the discipline for decades, deeply influencing […]

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