Neoliberalism and the State of the Advanced World Economy: Can the Blind Heal the Crippled?
C. J. Polychroniou
Economics One-Pager Archive from Levy Economics Institute
Whoever said that economic science is free of ideological bias and political prejudice? Three hundred years of financial and economic crises have meant nothing to die-hard neoliberals, who believe in (among other things) self-regulating markets and trickle-down theory. With so many incorrect assumptions guiding market liberalism, it's no wonder neoliberals have failed to draw the proper lessons from the Great Depression and turned a blind eye to the real causes of the global financial crisis of 2007-08 and the ensuing recession.
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