Despite the global financial crisis in 2007-2008, neoliberalism has
remained dominant and even informs the responses to the crisis. In
his masterful analysis, Damien Cahill demonstrates that this
resilience is due to neoliberalism being firmly embedded within
wider class relations, institutions and ideological norms. And yet,
as Cahill also argues, progressive change is possible provided it
is based on large-scale political mobilisation. I most strongly
recommend this book for reading.' - Andreas Bieler, Nottingham
University, UK'Damien Cahill has emerged as one of the most
penetrating social scientists on the politics of neoliberalism in
the advanced capitalist societies. In his new book, he brings his
many years of pouring over policy documents to examine
neoliberalism in the new 'age of austerity'. The result is an
impressive survey of the history and debates about neoliberal
policies. But more powerful is Cahill's hard-headed analysis of why
neoliberalism may not simply be in decline, despite the great
social disasters it has produced: the 'Great Recession' of 2008
only being the most spectacular. Cahill insists on what many are
only beginning to realize: that a new progressive political economy
will not emerge as a result of the 'failure of neoliberal ideas',
but only when an alternative vision of society fuses with new
organized forms of social resistance.' - Greg Albo, York
University, Toronto, Canada When the global financial crisis hit in
2007, many commentators thought it heralded the end of
neoliberalism. Several years later, neoliberalism continues to
dominate policy making. This book sets out why such commentators
got it so wrong, and why neoliberalism remains so durable in the
face of crisis. This book is the first comprehensive critique of
the dominant 'ideas-centered' approach to understanding
neoliberalism. It offers an alternative view of neoliberalism as a
policy regime that is embedded in institutions, class relations and
ideological norms. Damien Cahill argues that the socially embedded
nature of neoliberalism explains why policy makers continue to use
neoliberal policies as forms of crisis response, even though the
crisis itself resulted from several decades of neoliberal
restructuring. It takes aim at dominant interpretations of
neoliberalism, arguing that it is wrongly viewed as reflecting
neoliberal free market ideals, or as resulting from the influence
of fundamentalist neoliberal intellectuals. The book concludes with
a prognosis of the future prospects for neoliberalism. The End of
Laissez-Faire? is a compelling and insightful analysis of
neoliberalism, which will appeal to scholars and students of public
policy, political science, sociology, political economy,
anthropology, human geography, industrial relations and
economics-related studies. Contents: Introduction 1. The Idealist
View of Neoliberalism 2. Actually Existing Neoliberalism 3. Did
Neoliberal Ideas Create the Neoliberal State and Economy? 4. Always
Embedded Neoliberalism 5. The Class Embedded Nature of
Neoliberalism 6. Institutionally Embedded Neoliberalism 7.
Ideologically Embedded Neoliberalism 8. The Global Financial Crisis
and the Future of Embedded Neoliberalism Bibliography Index
General
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