a school of social theory and philosophy associated in part with the Institute for Social Research at the Goethe University Frankfurt; consisted of dissidents who felt at home neither in the existent capitalist, fascist, nor communist systems that had formed at the time
The ‘Frankfurt School’ located ‘late capitalism’ (Spätkapitalismus) in the 1970s, having taken the place of liberal capitalism or free market capitalism after 1945.
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