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By Prof. Bruno COLMANT, Ph.D., Member of the Royal Academy of Belgium
Neoliberalism is liberalism "after." It is a rehabilitation of what was known as the "classical economists," from the end of the XVIII? to the beginning of the XIX?, who considered that the State should stay out of economic creation and that it was necessary to develop the theory of supply, i.e., to stimulate production, which naturally led to its demand through the income it helped to generate.
This line of thought has been evolving for two centuries and was, of course, played out by Marx at the end of the XIX? century and, above all, by John Maynard Keynes in the XX? century, whose theories accompanied the late 1930s through to the 1970s, i.e., from the Great Depression...
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