Neoliberalism and the Road to Inequality and Stagnation - A Chronicle Foretold

Tom Palley's book explores the impact of neoliberal policies on the US, Europe, and global economy, showing how they have increased income inequality, created tendencies to stagnation, and led to the 2008 financial crisis and Great Recession. It also explains how Europe's economic fragility is connected to the neoliberal design of the euro.

Format: Hardback
Length: 320 pages
Publication date: 05 November 2021
Publisher: Edward Elgar Publishing Ltd

Tom Palley, a renowned scholar in the field of political economy, has made a substantial contribution to our understanding of neoliberalism and its profound implications. In this comprehensive chronicle, we gather some of his most insightful works to shed light on the ways in which the global adoption of neoliberal policies over the past three decades has led to a surge in income inequality and fostered tendencies toward stagnation.

The book delves into the far-reaching effects of neoliberal policies on the United States, Europe, and the global economy. It uncovers how the 2008 financial crisis and the subsequent Great Recession were inevitable outcomes of the neoliberal policy experiment, as well as the emergence of a fierce global race to the bottom, where countries compete against each other in lowering wages and regulations. Furthermore, it elucidates the connection between Europe's economic fragility and the neoliberal design of the euro, highlighting the challenges posed by a single currency for member states.

Neoliberalism represents a distinct form of capitalism, a political choice that shapes the economic and political landscape of society. It is a complex and multifaceted ideology that encompasses a range of policies, including deregulation, privatization, and free trade. This book serves as a valuable resource for students, scholars, and readers in economics and political science, providing them with a comprehensive and illuminating exploration of the policy matrix that currently dominates the political landscape. By delving into the origins, consequences, and alternatives to neoliberalism, this chronicle equips readers with the tools they need to better understand the complex dynamics of our contemporary world and engage in informed discussions about the future of our society.

Weight: 700g
Dimension: 248 x 178 x 24 (mm)
ISBN-13: 9781802200072