Anthropology 1025F/G Chapter Notes - Chapter 8: The Great Transformation (Book), Invisible Hand, Economic System
12 Jul 2019
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Document Summary
Well-being, neoliberals argue, is best served by liberating individual entrepreneurs to operate in a framework of strong property rights, free markets, and free trade: contemporary capitalism under globalization. The emergence of neoliberalism: neoliberalism emerged from economists, historians, and philosophers who gathered around oolitical philosopher friedrich von hayek to establish the most pelerin society in. Keynesian ideas about state involvement: free trade the removal of barriers to the free flow of goods and capital between nations by eliminating import and export taxes as well as subsidies paid to farmers and businesspeople. It may also mean reducing environmental or social laws when they restrict the flow of goods and capital: one of first applications of neoliberalism was in nyc in the 1970s. Industry was fleeing and people who could afford new housing were moving to suburbs: city was left with diminished tax base and an impoverished and socially restive inner city, urban crisis .
