Th e policy change advocated for by austerity economists was one that “diminish[ed] the sphere of government” (Verbatim Record, Brussels 1920, vol. 2, 20). Such “sound policy” would “allow the natural economic laws to have full possibly of acting in all their intensity” (Beneduce, ibid., 73), thus leading to “sound fi nances” (ibid., 142) and especially to a boost in the effi ciency of production.

Clara E. Mattei, The Capital Order, loc. 786