Amongst intellectuals and activists, neoliberalism
has become a potent signifier for the kind of
free-market thinking that has dominated politics for the
past three decades. Forever associated with the
conviction politics of Ronald Reagan and Margaret
Thatcher, the free-market project has since become
synonymous with the 'Washington consensus' on
international development policy and the phenomenon of
corporate globalization, where it has come to mean
privatization, deregulation, and the opening up of new
markets. But beyond its utility as a protest slogan or
buzzword as shorthand for the political-economic
Zeitgeist, what do we know about where neoliberalism
came from and how it spread? Who are the neoliberals,
and why do they studiously avoid the label?
Constructions of Neoliberal Reason presents a radical
critique of the free-market project, from its origins in
the first half of the 20th Century through to the recent
global economic crisis, from the utopian dreams of
Friedrich von Hayek through the dogmatic theories of the
Chicago School to the hope and hubris of Obamanomics.
The book traces how neoliberalism went from crank
science to common sense in the period between the Great
Depression and the age of Obama. Constructions of
Neoliberal Reason dramatizes the rise of neoliberalism
and its uneven spread as an intellectual, political, and
cultural project, combining genealogical analysis with
situated case studies of formative moments throughout
the world, like New York City's bankruptcy, Hurricane
Katrina, and the Wall Street crisis of 2008. The book
names and tracks some of neoliberalism's key
protagonists, as well as some of the less visible
bit-part players. It explores how this adaptive regime
of market rule was produced and reproduced, its logics
and limits, its faults and its fate.
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