EconPapers    
Economics at your fingertips  
 

Thinking Like a Trader: The Impact of Neoliberal Doctrine on Habits of Thought

Quentin Duroy

Journal of Economic Issues, 2016, vol. 50, issue 2, 603-610

Abstract: Neoliberalism has come out of the financial crisis unscathed. Moreover, it has further asserted its dominance over geopolitical discourse and ideology worldwide. I contend that neoliberal supremacy in the policy arena and upon domestic and international institutions has been largely uncontested because it has penetrated all aspects of life to the extent that it now represents what Thorstein Veblen referred to as “the modern point of view.” Understanding the global power of neoliberalism requires examining not only its well-established hegemony over institutions as social constructs, but also its impact on habits of thought as mental constructs. From a Veblenian perspective, I argue that the neoliberal doctrine generates habits of thought which legitimize the transformation of a marketoriented economy into a full-fledged market society. The impact of the normalization of the neoliberal mode of behavior may, in the end, worsen the fracture between nation and state and unravel the fabric of society by justifying fully detached, emotion-free, and self-centered actions that crowd-out pro-social behaviors and challenge any social conception of the common good.

Date: 2016
References: Add references at CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
http://hdl.handle.net/10.1080/00213624.2016.1179070 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:mes:jeciss:v:50:y:2016:i:2:p:603-610

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/MJEI20

DOI: 10.1080/00213624.2016.1179070

Access Statistics for this article

More articles in Journal of Economic Issues from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().

 
Page updated 2025-03-19
Handle: RePEc:mes:jeciss:v:50:y:2016:i:2:p:603-610