The war of ideas: a comparison of the U.S. and Europe

.

Chapter 19 in Neoliberalism and the Road to Inequality and Stagnation, 2021, pp 289-293 from Edward Elgar Publishing

Abstract: This chapter discussed neoliberalism as a global ideology which has conquered the U.S., Europe, and Germany. From a Keynesian standpoint, neoliberal economic policy design can be viewed as the ultimate cause of increased income inequality and the proclivity to economic stagnation. Just over 30 years ago wages started to stagnate and income inequality started to explode in both the U.S. and Europe. A big reason was working families lost the war of ideas regarding design of economic policy. The global political economic challenge is to bend the arc of history away from neoliberalism and back toward social democratic Keynesianism which, after World War II, showed how to deliver shared prosperity and full employment. Meeting that challenge requires winning the war of ideas.

Keywords: Business and Management; Economics and Finance; Politics and Public Policy (search for similar items in EconPapers)
Date: 2021
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://www.elgaronline.com/view/9781802200072.00029.xml (application/pdf)
Our link check indicates that this URL is bad, the error code is: 503 Service Temporarily Unavailable

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:elg:eechap:20890_19

Ordering information: This item can be ordered from
http://www.e-elgar.com

Access Statistics for this chapter

More chapters in Chapters from Edward Elgar Publishing
Bibliographic data for series maintained by Darrel McCalla ().