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Winning Ideas: Lessons from Free-market Economics

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  • Sabina Alkire and Angus Ritchie

Abstract

For economic ideas to take root and change history, a number of ingredients need to be present, ranging from individual agents to policy implementation. This paper identifies certain strategic levers that underlay the success of free market economists in promoting their approach in academia, society, and government. How did these economists move from a marginalized position where they could not publish or receive tenure and where their students were not hired at other leading universities, to a position of dominance? In particular, it examines the impact of F. A. Hayek, and of such institutions as the Mont Pelerin Society, the Institute for Economic Affairs (IEA) in Britain, and the funding arrangements. The paper draws on the wealth of secondary literature regarding the spread of free market economic ideas, particularly in the US, Latin America, and the UK, to identify five strategic activities and methods of transmission that were central to their advance, and will be relevant to others.

Suggested Citation

  • Sabina Alkire and Angus Ritchie, 2007. "Winning Ideas: Lessons from Free-market Economics," OPHI Working Papers ophiwp006, Queen Elizabeth House, University of Oxford.
  • Handle: RePEc:qeh:ophiwp:ophiwp006
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    File URL: http://www3.qeh.ox.ac.uk/pdf/ophiwp/OPHIWP006.pdf
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    Cited by:

    1. John Ataguba & William M. Fonta & Hyacinth E. Ichoku, 2011. "The Determinants of Multidimensional Poverty in Nsukka, Nigeria," Working Papers PMMA 2011-13, PEP-PMMA.
    2. Nadjiarabeye Christian BEASSOUM & Koulké Blandine NAN-GUER & Olivier BEGUY & Tabo Symphorien Ndang & TOPEUR Béguerang, 2011. "Pauvrete Des Capacites Au Tchad: Une Exploration Des Dimensions Manquantes Des Donnees Dans La Capitale N'Djamena," Working Papers PMMA 2011-17, PEP-PMMA.

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