Wednesday, 3 August 2011

REVIEW: The Rise & Fall of Neoliberalism

The end of neoliberalism — and the beginning of a new story?

Published in the printed edition of Baltic Worlds pages 59-60, v.2 2011.
Published on balticworlds.com on June 30, 2011.

By Ilja Viktorov

The ideological paradigm of neoliberalism that has dominated the economy and politics of the world for the last thirty years is being questioned. This is visible both in the increase in state intervention in the economy, and in intellectual debates. The current financial and economic crisis has undermined the credibility of neoliberalism. It has also revived the interest of those economists and social researchers who traditionally questioned the orthodoxy of neoclassical mainstream economics and the political recommendations prescribed by it. The anthology The Rise and Fall of Neoliberalism, with texts by British researchers, makes an important contribution to the current debate and shows how neoliberalism influenced developments in the West, in the post-communist space and in the Third World, with varying results for the populations and countries involved.....

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