[lbo-talk] Johanna Bockman - The Long Road to 1989 Neoclassical Economics, Altern ative Socialisms, and the Advent of Neoliberalism

Jim Farmelant farmelantj at juno.com
Mon Dec 4 05:03:42 PST 2017

Social scientists have explained the turn to neoliberal capitalism by looking not only to the economic classes seeking this new form of capitalism but also to the ideologies these groups use both to envision this new form and to convince others of its necessity and desirability. Given the economic nature of neoliberal ideology, economists have been given primary place as the creators and often as the propagators of neoliberal ideology. Some social scientists have argued that right- wing econo-mists such as Milton Friedman and Friedrich von Hayek successfully mobilized right- wing think tanks, associations, and economics departments and converted policy makers to their free- market worldview. Others have argued that mainstream economists more generally have, intentionally or unintentionally, spread neoliberal policies through their professional neoclassical economics, which acts as a kind of neoliberal capitalist Trojan horse. Another set of works shows that economists with U.S. neoclassical training have gained powerful positions in international nancial institutions, such as the World Bank and the IMF, which impose neoliberal ideas on countries around the globe and support the formation of neoliberal advocates world- wide.However, scholars have not adequately understood mainstream economists’ professional ideas. Mainstream economics has a much more tenuous connection not only to neoliberalism, but even to capitalism, than is generally thought.


Jim Farmelant http://independent.academia.edu/JimFarmelant http://www.foxymath.com Learn or Review Basic Math

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