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Neoliberalism is neither a return to classical liberalism nor the restoration of 'pure' capitalism. To misinterpret neoliberalism is to fail to understand what is new about it: far from viewing the market as a natural given that limits state action, neoliberalism seeks to construct the market and make the firm a model for governments. Exploring the genesis of neoliberalism, and the political and economic circumstances of its deployment, Pierre Dardot and Christian Laval dispel numerous common misconceptions.