Category Archives: Neoliberalism

The Empirical Evidence Against Neoclassical Utility Theory: A Review of the Literature,

Current Economics Textbooks and Economists justify a theory of consumer behavior based on utility maximization on a priori grounds. This methodology follows Lionel Robbins’ idea that economic theory is based on logical deduction from postulates which are ‘simple and indisputable … Continue reading

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The Rise and Fall of the Market Economy

The core economic functions of production and distribution of goods can be handled by many different methods. After the fall of communism, the market mechanism has become nearly universal. Conventional economic theories argue that this is natural, because it is … Continue reading

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Austerity: The History of a Dangerous Idea

Conservatives have succeeded in casting government spending as useless profligacy that has made their economy worse, centering the policy debate in the wake of the financial crisis on draconian budget cuts. Americans and Europeans are told that they need to … Continue reading

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The Limits of Neoliberalism: Sovereignty, Authority & the Logic of Competition

Widening economic inequality is the academic topic du jour, but the trend of growing wealth and income disparity has been underway for several decades. How did mounting inequality succeed in proving culturally and politically attractive for as long as it … Continue reading

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Inequality and Post-neoliberal Globalisation

Having people believe that massive inequality is the fair outcome of a competitive process that is ultimately good for all is the ideological foundation of the current regime. The crisis has put an end to this fairy tale as free … Continue reading

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With the recent development of the Occupy Movement, public criticism of neoliberalism has climaxed since the onset of a global financial crisis in late 2008. The mobilization of protesters in cities throughout the world was preceded by much speculation in … Continue reading

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Great Transformations: Economic Ideas and Institutional Change in the 20th Century

Mark Blyth argues that economic ideas are powerful political tools as used by domestic groups in order to effect change since whoever defines what the economy is, what is wrong with it, and what would improve it, has a profound … Continue reading

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El Neoliberalismo Europeo contra del Estado Social Francés

Francia es una excepción que pone los pelos de punta de los neoliberales. Estos no aceptan que el Estado siga siendo el actor predominante de la sociedad. El Fondo Monetario Internacional y Alemania son dos acérrimos críticos de la política … Continue reading

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Spaces of Neoliberalization: Towards a Theory of Uneven Geographical Development

In these essays, David Harvey searches for adequate conceptualizations of space and of uneven geographical development that will help to understand the new historical geography of global capitalism. The theory of uneven geographical development needs further examination: The extreme volatility … Continue reading

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Neo-classical economics – A trail of economic destruction since the 1970s

This paper argues that the international financial crisis is just the last in a series of economic calamities produced by a type of theory that converted the economics profession from a study of real world phenomena into what in the … Continue reading

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