Investing Quote by Tony Judt
““by 1945 few people believed any longer in the magic of the market. This was an intellectual revolution.””
About This Quote
Source Speech: Economic History Lecture, 1990s
The belief in free market's inherent power faded as intellectuals recognized its limits.
In simple terms: Market optimism declined after WWII.
Question critical thinking about economic myths.
Themes
Mood
Type
When to use this quote
- policy analysis
- academic research
- public discourse
- investment decisions
Key Concepts
Questions to Reflect On
- How did post‑war realities reshape economic thought?
- What alternatives can address market failures?
Some still cling to market myths despite evidence.