Economic liberalism and its critics: the past as prologue (original) (raw)
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PSC 349, Varieties of Capitalism Professor Mark Dallas Farangis Abdurazokzoda Final Paper I, Farangis Abdurazokzoda, affirm that I have carried out all my academic endeavors with full academic honesty. Abstract: In his 1925 paper Physical Consequences of the Anatomic Distinction Between the Sexes, Sigmund Freud asked a simple question "What does a woman want?" With the crises of capitalism and the impotence of communism as a system, the socioeconomic, political and ideological question today is what do we all want? Would we like to live in the realm of Anglo-Saxon neoliberalism or Chinese-Singaporean capitalism with Asian values? And is there another "[economic] model on the rack in this historical season"? This essay aims to highlight the necessity to analyze and diagnose the present, formulating alternatives by reflecting on political rationality taking shape in the U.S. over the past thirty years. To do so, I will discuss the varieties of capitalism: classical liberal capitalism, neoliberalism, capitalism with
Thesis Eleven Six theories of neoliberalism
This article takes as its starting point the observation that neoliberalism is a concept that is 'oft-invoked but ill-defined'. It provides a taxonomy of uses of the term neoliberalism to include: (1) an all-purpose denunciatory category; (2) 'the way things are'; (3) an institutional framework characterizing particular forms of national capitalism, most notably the Anglo-American ones; (4) a dominant ideology of global capitalism; (5) a form of governmentality and hegemony; and (6) a variant within the broad framework of liberalism as both theory and policy discourse. It is argued that this sprawling set of definitions are not mutually compatible, and that uses of the term need to be dramatically narrowed from its current association with anything and everything that a particular author may find objectionable. In particular, it is argued that the uses of the term by Michel Foucault in his 1978-9 lectures, found in The Birth of Biopolitics, are not particularly compatible with its more recent status as a variant of dominant ideology or hegemony theories. It instead proposes understanding neoliberalism in terms of historical institutionalism, with Foucault's account of historical change complementing Max Weber's work identifying the distinctive economic sociology of national capitalisms.
Why "Neoliberalism?" On Critique and Method [Workshop Agenda and Concept Note]
Over the last thirty years a growing body of scholarship across the social sciences has deployed and developed the concept and terminology of neoliberalism. Since exploding in the early 1990s, its usage has not only surpassed related terms (“libertarian” “Washington Consensus” “financialization”) in academic research but has enjoyed exceptional success in public discourses as well (Venugopal 2015) The term has been identified with a variety of large-scale processes and seemingly contradictory trends. As a policy agenda of liberalization and regulatory retrenchment, its implementation over the last thirty years has entailed a massive increase in the volume and complexity of legal rules (Vogel 1996, Braithwaite 2008). As a discourse rooted in the valorization of individual freedom, it has facilitated the consolidation of collective power and, in some contexts, justified the expansion of incarceration and surveillance (Brown 2015, Harcourt 2011) As a political project associated most often with Reagan and Thatcher's efforts to lower taxes and weaken labour power (Harvey 2005), its advance has coincided with a paradoxical combination of rising national inequality measures and a flattening of the global inequality distribution (Milanovic 2012). What initially appeared as disagreements about the origins and causes of the neoliberal ascendance have now come into view as more fundamental divides over the nature of the concept itself. For some, neoliberalism is a set of economic policies enacted all over the world since the 1970s; for Marxists, the result of the resurgent power of global financial elites; for readers of Foucault, it names transformations of political rationality and subjectivity corresponding to an economization of all social life. (Flew 2014) These conceptualizations are nonetheless united by an implied periodization. Neoliberalism promises to mark off the present from the past, emphasizes the underlying continuity of capitalism, and evokes nostalgia for a post-WWII Golden Age. Given this unifying thread, differences in usage may reflect deeper differences about the salient aspects of social order, the nature of social change and proper governance of political order. Thus, debates over “neoliberalism” may serve as a proxy for more fundamental divisions over theory and norm, method and discipline. Recent years have witnessed a number of countervailing trends. A growing genre of research has developed critiques of the concept's theoretical fungibility and drawn on the multiplicity of its valences in practice to seriously question its explanatory value. (Venugopal 2015, Boas & Gan-Morse 2009) Research depending on the concept has nonetheless continued to intensify, and to jump further across disciplinary lines, becoming a centre point of symposia and special collections in a number of fields (Grewal Purdy 2014, Birch Springer 2016) Finally, scholars have increasingly reached into the past, long before the crisis of the 1970s, to find institutional, philosophical and conceptual precursors of today's neoliberal practices. (Gane 2012, Kipnis 2008) In the context of these trends, this workshop offers a momentary opportunity for methodological reflexivity. In an interdisciplinary group that includes historians and sociologists, legal scholars and moral philosophers, political scientists and others, participants will be invited to present, reframe and contextualize their own work in a way that reflects on the analytical, normative and critical value of “neoliberalism.” What insights does the term bring to sites of research left undertheorized by other concepts? Beyond naming and identifying aspects of the world, concepts draw things together and keep other things from view. What analytical connections does “neoliberalism” facilitate, and what processes does it obscure? What new spaces of understanding does the concept open up, and how? On the other hand, what are the risks and pitfalls of leaning too heavily on the term? When might it be time, to borrow a phrase, “to take a break from neoliberalism?” (c.f. Halley 2006). By providing a setting to compare approaches across methodological differences, we hope to not only map the uses of neoliberalism (Ferguson 2010), but to learn something about the origins of the present and, more broadly, about the promises of critically engaged social science.
Neoliberalism: The whys and wherefores ... and future directions
Neoliberalism means many things to many people. Often used indiscriminately to mean anything ‘bad’, neoliberalism is in need of dissection as an analytical category and a way of understanding the transformation of society over the last few decades. This paper is a brief introduction to neoliberalism and a number of key analytical approaches used to study it, including governmentality, Marxism, ideational analysis, history and philosophy of economics, institutional analysis, state/regulation theory, and human geography. It finishes with some suggestions for areas of further and future research.
The Rise and Fall of Neoliberalism: The Collapse of an Economic Order?
About the Book The recent, devastating and ongoing economic crisis has exposed the faultlines in the dominant neoliberal economic order, opening debate for the first time in years on alternative visions that do not subscribe to a 'free' market ethic. In particular, the core contradiction at the heart of neoliberalism – that states are necessary for the functioning of free markets – provides us with the opportunity to think again about how we want to organise our economies and societies. The Rise and Fall of Neloberalism presents critical perspectives of neoliberal policies, questions the ideas underpinning neoliberalism, and explores diverse response to it from around the world. In bringing together the work of distinguished scholars and dedicated activists to question neoliberal hegemony, the book exposes the often fractured and multifarious manifestations of neoliberalism which will have to be challenged to bring about meaningful social change. Table of Contents 1. Introduction: A World Turned Right-Way Up - Kean Birch and Vlad Mykhnenko Part 1: The Rise of Neoliberalism 2. How Neoliberalism Got Where It Is: Elite Planning, Corporate Lobbying and the Release of the Free Market - David Miller 3. Making Neoliberal Order in the United States - Kean Birch and Adam Tickell 4. Neoliberalism, Intellectual Property and the Global Knowledge Economy - David Tyfield 5. Neoliberalism and the Calculable World: The Rise of Carbon Trading - Larry Lohmann 6. Tightening the Web: The World Bank and Enforced Policy Reform - Elisa van Waeyenberge 7. The Corruption Industry and Transition: Neoliberalising Post-Soviet Space? - Adam Swain, Vlad Mykhnenko and Shaun French 8. Remaking the Welfare State: From Safety Net to Trampoline - Julie MacLeavy Part 2: The Fall of Neoliberalism 9. Zombieconomics: The Living Death of the Dismal Science - Ben Fine 10. From Hegemony to Crisis? The Continuing Ecological Dominance of Neo-Liberalism - Bob Jessop 11. Do It Yourself: A Politics for Changing Our World - Paul Chatterton 12. Dreaming the Real: A Politics of Ethical Spectacles - Paul Routledge 13. Transnational Companies and Transnational Civil Society - Leonith Hinojosa and Anthony Bebbington 14. Defeating Neo-liberalism: A Marxist Internationalist Perspective and Programme - Jean Shaoul 15. Conclusion: The End of an Economic Order? - Vlad Mykhnenko and Kean Birch
Thesis Eleven , 2014
This article takes as its starting point the observation that neoliberalism is a concept that is ‘oft-invoked but ill-defined’. It provides a taxonomy of uses of the term neoliberalism to include: (1) an all-purpose denunciatory category; (2) ‘the way things are’; (3) an institutional framework characterizing particular forms of national capitalism, most notably the Anglo-American ones; (4) a dominant ideology of global capitalism; (5) a form of governmentality and hegemony; and (6) a variant within the broad framework of liberalism as both theory and policy discourse. It is argued that this sprawling set of definitions are not mutually compatible, and that uses of the term need to be dramatically narrowed from its current association with anything and everything that a particular author may find objectionable. In particular, it is argued that the uses of the term by Michel Foucault in his 1978–9 lectures, found in The Birth of Biopolitics, are not particularly compatible with its more recent status as a variant of dominant ideology or hegemony theories. It instead proposes understanding neoliberalism in terms of historical institutionalism, with Foucault’s account of historical change complementing Max Weber’s work identifying the distinctive economic sociology of national capitalisms.
Neoliberalism: The Key Concepts (Abingdon: Routledge, 2016)
2016
Neoliberalism: The Key Concepts provides a critical guide to a vocabulary that has become globally dominant over the past forty years. The language of neoliberalism both constructs and expresses a particular vision of economics, politics, and everyday life. Some find this vision to be appealing, but many others find the contents and implications of neoliberalism to be alarming.Despite the popularity of these concepts, they often remain confusing, the product of contested histories, meanings, and practices. In an accessible way, this interdisciplinary resource explores and dissects key terms such as: Capitalism Choice Competition Entrepreneurship Finance Flexibility Freedom Governance Market Reform Stakeholder State Complete with an introductory essay, cross-referencing, and an extensive bibliography, this book provides a unique and insightful introduction to the study of neoliberalism in all its forms and disguises.