calmness and composure, especially in a difficult situation
behind the façades of equanimity and tried political craftsmanship
behind the façades of equanimity and tried political craftsmanship
the German variant of social liberalism that emphasizes the need for the state to ensure that the free market produces results close to its theoretical potential
the Bundesrepublik had then finally moved beyond its ‘ordoliberal’ misconceptions
the Bundesrepublik had then finally moved beyond its ‘ordoliberal’ misconceptions
from Bundesrepublik Deutschland, which was used during the Cold War to refer to West Germany
the Bundesrepublik had then finally moved beyond its ‘ordoliberal’ misconceptions
the Bundesrepublik had then finally moved beyond its ‘ordoliberal’ misconceptions
(The Glorious Thirty) the thirty years from 1945 to 1975 in France, during which the economy grew rapidly
the legitimacy of the democratic capitalism that had taken shape in the trente glorieuses
defined in footnote as a "golden age"
the legitimacy of the democratic capitalism that had taken shape in the trente glorieuses
defined in footnote as a "golden age"
post-WWII formula for democratic capitalist stability: government intervention in business, state planning for growth and full employment, social redistribution; supervised by an interventionist state committed to disciplining the market in order to keep this social contract and thus maintain its legitimacy
the ‘peace formula’, as it was called in the theoretical discussion in Frankfurt
the ‘peace formula’, as it was called in the theoretical discussion in Frankfurt
an unusual term (probably localised to anti-capitalist schools) to refer to the 1970's, characterised by high expectations of prosperity and freedom
Around the middle of the ‘Roaring Seventies’, later so called on account of the high expectations of prosperity and freedom that dominated politics and the public mood
Around the middle of the ‘Roaring Seventies’, later so called on account of the high expectations of prosperity and freedom that dominated politics and the public mood
the ~25 years after WWII when states focused on the welfare of their citizens, with investment in social spending financed by appropriate taxes on the wealthy
Its response was to begin with preparations to withdraw from the postwar social contract
Its response was to begin with preparations to withdraw from the postwar social contract
a strike undertaken by unionized workers without union leadership's authorization, support, or approval; sometimes termed an unofficial industrial action
the global wave of wildcat strikes in 1968 and 1969
the global wave of wildcat strikes in 1968 and 1969
"at one's pleasure"; more formal term for ad-lib
Governments that sought social peace by means of inflation, introducing not yet existing resources into the capitalist distributional conflict, were able to draw on the magic of modern ‘fiat money’, the amount of which, politics commanding public power, may increase ad libitum
Governments that sought social peace by means of inflation, introducing not yet existing resources into the capitalist distributional conflict, were able to draw on the magic of modern ‘fiat money’, the amount of which, politics commanding public power, may increase ad libitum
a performance or achievement that has been accomplished or managed with great skill
The monetary stabilization of the world economy in the early 1980s was a tour de force that came with a high political risk
the Reagan/Thatcher era(s) & the beginning of neoliberalism
The monetary stabilization of the world economy in the early 1980s was a tour de force that came with a high political risk
the Reagan/Thatcher era(s) & the beginning of neoliberalism