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Markets Protected By Law, Not Absence Of Law
- Geneva-school neoliberals sought to 'depollitize' the economy by building legal frameworks that insulated markets from democratic control.
- They prioritized binding international rules and courts to lock in market-friendly policies rather than laissez-faire absence of law.
Double Government: Economy Vs Culture
- Neoliberals proposed a 'double government' dividing economic governance from cultural/national sovereignty.
- They wanted nation-states to retain ornamental sovereignty while delegating binding economic powers upward.
World War II Recast Labor Mobility Views
- World War II shifted neoliberals from endorsing full labor mobility to accepting controlled borders as national-security realities.
- Economists like Haberler developed trade arguments to justify open goods and capital even when labor remained restricted.