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Search results with tag "The neoliberal theory of society"
THE NEOLIBERAL THEORY OF SOCIETY - Warwick
homepages.warwick.ac.ukneoliberalism rests on the ‘elementary proposition that both parties to an economic transaction benefit from it, provided the transaction is bilaterally voluntary and informed’ (Friedman, 1962, p. 55). Consequently, any restriction on the freedom of trade will reduce well-being by denying individuals the opportunity to improve their situation.