the radical Left was constantly on the alert for an anti-democratic putsch

Two competing principles of distribution were institutionalized in the political economy of postwar democratic capitalism: what I shall call market justice on the one hand and social justice on the other.

Those involved in such cases could appeal to the ‘court of equity’

a cumulative advantage in line with what has been called the Matthew principle

In their rhetoric and ideational policy, the champions of market justice seek to gain the upper hand by denouncing social justice as ‘political’ (in the sense of particularist) and therefore as dirty or corrupt

In their rhetoric and ideational policy, the champions of market justice seek to gain the upper hand by denouncing social justice as ‘political’ (in the sense of particularist) and therefore as dirty or corrupt

the functionalist view that it expressed a growing need for public investment and curative measures to accompany capitalist development– measures that repaired the damage caused by capital accumulation as well as creating the conditions for further growth

The expectation of distributive moderation contradicts the model of Homo oeconomicus and can be reconciled with it only on the assumption, axiomatic in labour economics, that workers are ‘risk-averse’.

in a capitalist socio-economic order it operated as an ‘expropriated state’ devoid of the resources it needed to carry out its tasks

Evidently, the greater international mobility of industrial and finance capital has raised its ‘reservation profit