As the financial crisis continues to shake the economy it has begun to expose cracks in the ideology long used to justify neoliberal policies. This informed and accessible primer drives a wedge into these cracks, allowing the non-expert to understand the flaws in the economic philosophy of the 1%.
Table of Content
Table of contents
Introduction
Liberalism Eclipsed: from the 1930s upto the 1970s
Liberal ideology returns with a vengeance: the 1970s
The theoretical foundation of the various neo-liberal currents
Forerunners of the neo-liberals
Adam Smith
Jean-Baptiste Say
David Ricardo
Other economists
The Keynesian revolution
Preparing the neo-liberal counter-revolution
The neo-liberal wave
Robert Lucas and the denial of involuntary unemployment
Free markets ensure the optimum allocation of resources – a key postulate of neo-conservatism
Portraying the oppressed as oppressors: the neo-liberal sleight of hand
Globalization from Christopher Columbus and Vasco da Gama until today
The market: the new faith Shanghai
The Irish crisis: a complete failure for neo-liberalism
Bibliography
About the author
Eric Toussaint is president of the Committee for the Abolition of Third World Debt (CADTM), and author of numerous books on economic policy
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