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Capitalism, Meet Cameralism: Economic ideas that developed very differently in Europe over two centuries have become an important part of American practice
From its beginnings, in 1947, the Mont Pelerin Society sensed a problem, which its members understood better than most. In the aftermath of World War II, amid the smoldering ruins of Europe, it was impossible not to be repelled by the two familiar examples of government planning, Hitler’s National Socialism and Lenin’s Bolshevik Revolution. But…