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The Rise of Neo-liberalism and the Decline of Freedom (Hardcover, 1st ed. 2020)
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The Rise of Neo-liberalism and the Decline of Freedom (Hardcover, 1st ed. 2020)
Series: Palgrave Insights into Apocalypse Economics
Expected to ship within 10 - 15 working days
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This book examines the relationship that prevails between the state
and freedom in the works of Milton Friedman and Friedrich Hayek, as
well as those of some of their peers, including Gary Becker, James
Buchanan, and George Stigler. The author explains that their
concept of freedom was largely derived from the principles and
values of neo-liberalism. However, she maintains that neo-liberals
never cared about providing the masses with genuine freedom;
rather, they value freedom for its instrumental value in terms of
facilitating the global spread of free-market capitalism. The
author explains that the neo-liberal concept of freedom has been a
very useful tool in promoting the superiority of free-market
capitalism over centrally planned economies aimed at achieving the
common good. She argues that even though neo-liberals are strongly
opposed to central planning, they are tolerant of state planning
intended to help establish and sustain the conditions of a
free-market system. She also contends that the extensive
implementation of neo-liberal reforms and policies has led to
states losing their sovereignty and moving away from their
traditional role of achieving the common good. The author claims
that the world has essentially become the sum of many neo-liberal
societies, particularly during the last four decades. She also
maintains that, throughout human history, no other ideology, school
of thought, political, religious or military institution, kingdom,
or empire has been as successful as neo-liberalism, when it comes
to shaping people's beliefs, ideals, goals, and lifestyle on a
global scale. Unfortunately, neo-liberalism has proven to be very
detrimental for civilization and the future of the planet. The
author concludes that the widespread adoption of the neo-liberal
concept of freedom, in combination with the pretense that economics
is a natural, ahistorical and value-free science, has triggered the
emergence of methodological monism, which has resulted in unfreedom
and the poverty of economics, while also delaying the progress of
the entire discipline.
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