Sublime

Construction firms had not been willing to take on the risk associated with delays; instead, they put that risk on their clients. But Ivar understood a fundamental proposition about the allocation of risk: both parties to a deal can gain when the party in the best position to bear a risk takes on that risk. Construction firms, not clients, were in

s’il n’y a pas de Législateur au sens de Rousseau, la volonté du peuple est préparée par toute une série d’acteurs qui échappent largement au contrôle des citoyens – des médias, des hauts fonctionnaires, des experts participant, notamment par les sondages, à ce que Loïc Blondiaux appelle la « fabrique de l’opinion ». En cela, une démocratie réelle

Would-be capitalists were not granted the right to create limited-liability corporations unless they could prove doing so would constitute a clear and incontestable “public benefit” (in other words, the notion of social value not only existed but was inscribed in law)—this usually meant, in practice, only if they were proposing to dig a canal or bu

It was not until the 1980s that the idea that everyone deserves, and should have, a dignified retirement took hold. And the way to get that dignified retirement ever since has been an expectation that everyone will save and invest their own money.

Le premier membre du noyau dur des néolibéraux à se détourner de l’opposition à l’intégration économique européenne n’est pas Röpke, qui reste un farouche opposant, mais un employé du ministère d’Erhard, Alfred Müller-Armack. Né en 1901, Müller-Armack est un contemporain de la première génération des néolibéraux. Membre du parti nazi à partir de 19

As Ivar explained, the desires of the three parties were clear: American investors wanted high returns, European governments wanted US dollars, and the match industry wanted monopoly power. The resources also were clear: American investors had dollars, European governments had the power to grant monopolies within their territories, and the match in