SOCI 254 Lecture 8: Lecture 8 - Neoliberal Turn in Development Theory
9 Feb 2018
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Lecture 8 - neoliberal turn in development theory. Ideological foundations: austrian economists, ludwig von mises (1881-1973, fredrich van hayek (1899-1992, mont pelerin society (mps) founded in 1947, milton friedman and the chicago boys . Features of neoliberalism: faith in free market economy and its rationality ( market fundamentalism ) Thursday, february 1, 2018: belief in free trade, de-regulation, low taxes and tax-cuts, spending on welfare should be minimized, limited government, privatization. Entrenchment of neoliberalism: rise of conservative politics in britain (margaret thatcher), and u. s. a. (ronald. Reagan: collapse of the soviet union, debt crisis, washington consensus, international nancial institutions and structural adjustment policies. Critiquing neoliberalism: karl polyani, laissez-faire economics, double movement, contemporary criticism, narrow de nition of well-being, conceals the vested interests, david harvey"s criticism. The end of history: neoliberalism as the cumulation of history, found in francis fukuyama"s end of history? , main weaknesses.
