Silent conversion to anti-statism: Historical origins of the belief in market superiority
AbstractDespite severe economic turmoil within the last decade the stock diagnosis for most market insufficiencies has been: the state must be 'slimmed down'. Satisfying social needs through the free market under the slogan of 'less government is good government' has been a constitutive feature of economic policy since the rise of neoliberalism in the 1980s. But even as the deregulation of the markets and the 'downsizing' of the state causes growing social turbulences - especially in the context of the current financial and economic meltdown - politicians, scholars and the media still cling to the idea of an omnipotent market. Deeprooted and widely-spread anti-statism still fulfils the role of a creed serving to legitimize the necessity of market-centred 'reforms'. --
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Bibliographic InfoPaper provided by University of Hamburg, Centre for Economic and Sociological Studies (CESS/ZÖSS) in its series Discussion Papers with number 28.
Date of creation: 2012
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anti-statism; free-market economy; laissez-faire; lean state; liberalism; neoliberalism; Mont Pèlerin Society;
Find related papers by JEL classification:
- A11 - General Economics and Teaching - - General Economics - - - Role of Economics; Role of Economists
- B22 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Macroeconomics
- B26 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Financial Economics
- L3 - Industrial Organization - - Nonprofit Organizations and Public Enterprise
- N20 - Economic History - - Financial Markets and Institutions - - - General, International, or Comparative
- P16 - Economic Systems - - Capitalist Systems - - - Political Economy of Capitalism
This paper has been announced in the following NEP Reports:
- NEP-ALL-2012-03-14 (All new papers)
- NEP-HIS-2012-03-14 (Business, Economic & Financial History)
- NEP-HME-2012-03-14 (Heterodox Microeconomics)
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- Sinn, Gerlinde & Sinn, Hans-Werner, 1992. "Kaltstart. Volkswirtschaftliche Aspekte der Deutschen Vereinigung," Monograph, Mohr Siebeck, Tübingen, edition 2, number urn:isbn:9783161459429, February.
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