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Neoliberalism: Befall or Respite?

Author

Listed:
  • Kosta Josifidis

    () (Department of European Economics and Business, Faculty of Economics, University of Novi Sad, Serbia)

  • Alpar Lošonc

    () (Faculty of Technical Sciences, University of Novi Sad, Serbia)

  • Novica Supić

    () (Department of European Economics and Business, Faculty of Economics, University of Novi Sad, Serbia)

Abstract

The authors of this argumentative article emphasize that the range of the current crisis cannot be depleted in the diagnosis which is based on cyclic consideration. It is both systematic and structural, which is derived from the genesis and the modus of neoliberalism, which has become dominant during the previous decades. Other than that, it is emphasized that the current crisis is “great”, because it forces relevant actors to face the structural characteristics of contemporary shareholder-capitalism. The crisis also puts to a test the self-reflection of the economic science which faces certain deficits. The authors believe that, given the tendencies in today’s economy, there can be different scenarios for exiting the crisis and projecting a new modus of capitalism in the following period. Having in mind the openness of the present and the uncertainty of the future, the authors describe those scenarios without projecting which one of them will be dominant.

Suggested Citation

  • Kosta Josifidis & Alpar Lošonc & Novica Supić, 2010. "Neoliberalism: Befall or Respite?," Panoeconomicus, Savez ekonomista Vojvodine, Novi Sad, Serbia, vol. 57(1), pages 101-117, March.
  • Handle: RePEc:voj:journl:v:57:y:2010:i:1:p:101-117
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    File URL: http://www.panoeconomicus.rs/casopis/2010_1/06.pdf
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    References listed on IDEAS

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    Citations

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    Cited by:

    1. repec:voj:journl:v:63:y:2016:i:1:p:113-133 is not listed on IDEAS
    2. Howard Stein, 2012. "The Neoliberal Policy Paradigm and the Great Recession," Panoeconomicus, Savez ekonomista Vojvodine, Novi Sad, Serbia, vol. 59(4), pages 421-440, September.
    3. repec:voj:journl:v:63:y:2016:i:1:p:87-112 is not listed on IDEAS
    4. Mary Wrenn, 2014. "Identity, Identity Politics, and Neoliberalism," Panoeconomicus, Savez ekonomista Vojvodine, Novi Sad, Serbia, vol. 61(4), pages 503-515, September.
    5. David Slattery & Joseph G. Nellis, 2011. "Rethinking the Role of Regulation in the Aftermath of the Global Financial Crisis: The Case of the UK," Panoeconomicus, Savez ekonomista Vojvodine, Novi Sad, Serbia, vol. 58(3), pages 407-423, September.
    6. Kosta Josifidis & Novica Supic & Emilija Beker Pucar & Sladjana Srdic, 2014. "Labour migration flows: EU8+2 vs EU-15," Journal of Business Economics and Management, Taylor & Francis Journals, vol. 15(1), pages 41-55, February.
    7. Kosta Josifidis & John Hall & Novica Supić & Olgica IvanÄ ev, 2011. "European Welfare Regimes: Political Orientations versus Poverty," Panoeconomicus, Savez ekonomista Vojvodine, Novi Sad, Serbia, vol. 58(5), pages 651-674, December.
    8. Kosta Josifidis & Alpar LosÌŒonc, 2014. "Some Thoughts on Power: International Context," Panoeconomicus, Savez ekonomista Vojvodine, Novi Sad, Serbia, vol. 61(5), pages 597-615, October.
    9. repec:voj:journl:v:63:y:2016:i:2:p:231-258 is not listed on IDEAS
    10. Tomas Zelinsky, 2012. "Changes in Relative Material Deprivation in Regions of Slovakia and the Czech Republic," Panoeconomicus, Savez ekonomista Vojvodine, Novi Sad, Serbia, vol. 59(3), pages 335-353, June.
    11. Francisco Carballo-Cruz, 2011. "Causes and Consequences of the Spanish Economic Crisis: Why the Recovery is Taken so Long?," Panoeconomicus, Savez ekonomista Vojvodine, Novi Sad, Serbia, vol. 58(3), pages 309-328, September.

    More about this item

    Keywords

    Capitalism; Crisis; Neoliberalism; Cyclic; System; Structure;

    JEL classification:

    • G01 - Financial Economics - - General - - - Financial Crises
    • P16 - Economic Systems - - Capitalist Systems - - - Political Economy of Capitalism
    • P51 - Economic Systems - - Comparative Economic Systems - - - Comparative Analysis of Economic Systems

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