The Decline and Fall of Neoliberalism: Rebuilding the Economy in an Age of Crises

The Decline and Fall of Neoliberalism argues that the neoliberal era is ending due to its inadequate response to the economic instability of 2008 and 2019. Central banks have stepped in as major regulators of the economic system, but their reckless strategy has led to inflation. This book proposes a renewed relationship between the state and the market that strikes a balance between planning and self-regulation, leading to a post-neoliberal world.

Format: Paperback / softback
Length: 170 pages
Publication date: 04 May 2023
Publisher: Taylor & Francis Ltd

The Decline and Fall of Neoliberalism delves into the notion that the neoliberal era, which commenced following the collapse of the Bretton Woods system, is drawing to a close. In the aftermath of the financial and economic crisis of 2008 and the onset of the pandemic in 2019, the monetarist doctrine outlined appears to offer an inadequate response to the economic instability that characterizes our contemporary world. To address the consequences of these crises, central banks have assumed a significant role as primary regulators of the economic system through substantial interventions to support both financial markets and public spending, marking a clear departure from their traditional conception as depoliticized actors. Is the resurgence of inflation a result of this imprudent strategy over which they seem to have lost control? Or is it rather rooted in an outdated understanding of money and monetary policy? One thing is certain: a profound change in policy is underway. The growing turmoil in the global economy and the environmental challenges that confront us demand an urgent and comprehensive reevaluation of the economic role of the state.

This book extends the analysis presented in Populism and Neoliberalism and delves deeper into the nature of neoliberalism as a political doctrine. Through this detailed description, it identifies the challenges within economic thought that hinder its ability to respond appropriately to contemporary challenges. Drawing from historical lessons, it proposes a renewed relationship between the state and the market that strikes a balance between planning and self-regulation. A post-neoliberal world is on the horizon, but its shape can still be shaped by the path we choose to pursue.

Weight: 294g
Dimension: 154 x 235 x 14 (mm)
ISBN-13: 9781032181875