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

Abstract: 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.

Date: 2011-10
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