From the beginning, “neoliberalism” was an obnoxious term - Marginal REVOLUTION
It was meant as an insult, implying that Mises – a marginalist – was trying to salvage 19th century liberal economics from the collectivist attacks of the Marxist left and the Nazi right, hence the “neo” moniker being attached. One of the main promoters of this use was Othmar Spann, a rival of Mises on […]