The Marshallian Understanding of the State, Chicago’s Liberalism and Authoritarianism

Abstract

This paper presents a analysis of economical liberalism from Alfred Marshall’s formulations about the State, which its later outspread assumed a dominant position either at economic science and government economic policies. That understanding came from assumed categories that allowed him to exhibit the State as exogenous of economic system, intervening and inefficient. The market appears as a metaphysical figure, where all society is synthetized. In addition, Marshall excludes social classes from his economic system, which summed from his market and state comprehensions will underpin Chicago School’s theory development. The moral and philosophical principles of the School are far from the Liberal ones, and so, we call upon the Italian vocabule, liberism.