In reading Karl Polanyi’s 1944 classic, The Great Transformation, I’ve come across some passages regarding the persistence of the doctrines of economic liberalism (what we would today refer to as neo-liberalism) despite the onset of economic crisis. 306 more words
Tags » Neoliberalism
I came across this gem while reading Hayek’s discussion of private monopoly and competition in Law, Legislation and Liberty. Hayek is discussing the relationship between competition and economic rationality, disputing those who argue that economic rationality or the ‘commercial spirit’ needs to exist for competition to work. 136 more words
From any rational point of view, orthodox economics is in serious trouble. 841 more words
In the first of three podcasts, author of Coming Up Short: Working-Class Adulthood in an Age of Uncertainty, Jennifer Silva, described how young working-class people aren’t reaching traditional markers of adulthood such as getting married. 26 more words
An amazing slideshow of a century of capitalist development and economic crisis narrated by one of my former professors, Leo Panitch, author of The Making of Global Capitalism.
When Naomi Klein published her ground-breaking book The Shock Doctrine (2007), which compellingly demonstrated how neoliberal policy makers take advantage of overwhelming crisis times to privatize public property and carry out austerity programs, most economists and media pundits scoffed at her arguments as overstating her case. 2,948 more words