Public economics after neoliberalism: a theoretical-historical perspective

Yahya Madra and Fikret Adaman

The European Journal of the History of Economic Thought, 2010, vol. 17, issue 4, 1079-1106

Abstract: Musgravean public economics, as the dominant public policy framework of the post-World War II era, argued that the government can and should supplement the price mechanism in order to create a social order within which a democratic society can flourish. Starting with the late 1970s, this project of public economics has been challenged by the growing dominance of neoliberalism as a form of governmentality that extends the economic logic of markets into the domain of the state and its mode of exercising sovereignty over its subjects. After outlining the historical and the disciplinary context of this challenge, the article maintains that endogenous theoretical confrontations internal to public economics should also be taken into consideration to provide a fuller account of the eclipse of the Musgravean public economics in the era of neoliberalism.

Keywords: Public economics; neoclassical economics; Chicago Economics; Austrian economics; neoliberalism; economic performativity; Michel Foucault (search for similar items in EconPapers)
Date: 2010
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

Downloads: (external link)
http://www.tandfonline.com/doi/abs/10.1080/09672567.2010.482997 (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:taf:eujhet:v:17:y:2010:i:4:p:1079-1106

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/REJH20

DOI: 10.1080/09672567.2010.482997

Access Statistics for this article

The European Journal of the History of Economic Thought is currently edited by José Luís Cardoso

More articles in The European Journal of the History of Economic Thought from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().