287 | Jean-Paul Faguet on Institutions and the Legacy of History

855.598 - 880.632 Jean-Paul Faguet

Oh, yeah. Yeah, absolutely. Yeah, so they're not doing that. They're not following down the Karl Marx line of economic determinism or material dialectics. What I'm saying about them, and again, they may not agree with this characterization. They're just showing that institutions are at some level the expression of economic power applied to politics, which then feeds back into economic power.