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Investing Quote by Tony Judt

“by 1945 few people believed any longer in the magic of the market. This was an intellectual revolution.” quote by Tony Judt
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““by 1945 few people believed any longer in the magic of the market. This was an intellectual revolution.””

Tony Judt

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.

Key Takeaway

Question critical thinking about economic myths.

Themes

economics history ideology

Mood

reflective critical

Type

analytical historical

When to use this quote

  • policy analysis
  • academic research
  • public discourse
  • investment decisions

Key Concepts

market failures intellectual shifts

Questions to Reflect On

  • How did post‑war realities reshape economic thought?
  • What alternatives can address market failures?
A Different Perspective

Some still cling to market myths despite evidence.

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