What is neoliberalism?14 March, 2016 at 09:50 | Posted in Economics | 9 Comments
Recently Brad DeLong has been flying his “neoliberal freak flag high” on his blog. And not that long ago Simon Wren-Lewis had a post up commenting on traction gaining “attacks on mainstream economics”:
One frequent accusation … often repeated by heterodox economists, is that mainstream economics and neoliberal ideas are inextricably linked. Of course economics is used to support neoliberalism. Yet I find mainstream economics full of ideas and analysis that permits a wide ranging and deep critique of these same positions. The idea that the two live and die together is just silly.
Silly? Maybe. But maybe Wren-Lewis and other economists who want to enlighten themselves on the subject also should take a look at this video:
Or maybe read this essay, where yours truly tries to further analyze — much inspired by the works of Amartya Sen — what kind of philosophical-ideological-political-economic doctrine neoliberalism is, and why it so often comes natural for mainstream economists to embrace neoliberal ideals.
Or maybe, if you know some Swedish — and aren’t offended by shameless self-promotion — you could take a look in this book — The dismal science (Atlas 2001) — where I give a deeper analysis of different strands of neoliberalism and how they relate to economics.