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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