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Neoliberalizm szkoly chicagowskiej a kryzys gospodarczy XXI wieku w Stanach Zjednoczonych

Chicago School’s neoliberalism and the economic crisis of the 21st century in the United States

Damian Kowalski ()
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Damian Kowalski: Nicolaus Copernicus University in Torun, Poland

Catallaxy, 2019, vol. 4, issue 2, 95-101

Abstract: Motivation: The crash in the US financial market in 2008 resulted in a crisis of a global nature. A serious debate on its causes has begun, and in it there are voices about the important role of neoliberal assumptions in the Chicago trend, perceived as an economic concept and ideology affecting the broadly understood political and social sphere. The willingness to present such a critical evaluation was the direct cause of this topic. Aim: The aim of the article is to identify the potential impact of the Chicago School’s neoliberalism and the state’s economic policy based on this doctrine on the 2008+ economic crisis in the United States. Materials and methods: A method of critical analysis of literature in the field of economic crises theory, neoliberalism, neoliberalism of the Chicago school and the 21st century crisis was used. Results: Due to the differences, it is difficult to clearly indicate whether and to what extent the Chicago’s neoliberalism and the economic policy based on this doctrine contributed to the 2008+economic crisis. Due to the clearly prevailing voices of opponents of this doctrine and their reflections, it can be concluded that such an influence exists.

Keywords: crisis; United States; neoliberalism of the Chicago trend (search for similar items in EconPapers)
JEL-codes: G2 N2 E5 (search for similar items in EconPapers)
Date: 2019
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