Silent conversion to anti-statism: Historical origins of the belief in market superiority

Tim Engartner

No 28, ZÖSS-Discussion Papers from University of Hamburg, Centre for Economic and Sociological Studies (CESS/ZÖSS)

Abstract: Despite severe economic turmoil within the last decade the stock diagnosis for most market insufficiencies has been: the state must be 'slimmed down'. Satisfying social needs through the free market under the slogan of 'less government is good government' has been a constitutive feature of economic policy since the rise of neoliberalism in the 1980s. But even as the deregulation of the markets and the 'downsizing' of the state causes growing social turbulences - especially in the context of the current financial and economic meltdown - politicians, scholars and the media still cling to the idea of an omnipotent market. Deeprooted and widely-spread anti-statism still fulfils the role of a creed serving to legitimize the necessity of market-centred 'reforms'.

Keywords: anti-statism; free-market economy; laissez-faire; lean state; liberalism; neoliberalism; Mont Pèlerin Society (search for similar items in EconPapers)
JEL-codes: A11 B22 B26 L3 N20 P16 (search for similar items in EconPapers)
Date: 2012
New Economics Papers: this item is included in nep-his and nep-hme
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:cessdp:28

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