Winning Ideas: Lessons from Free-market Economics
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.
|Date of creation:||May 2007|
|Date of revision:|
|Contact details of provider:|| Postal: |
Phone: +44 (1865) 281800
Fax: +44 (1865) 281801
Web page: http://ophi.qeh.ox.ac.uk/
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Colander, David, 2000.
"The Death of Neoclassical Economics,"
Journal of the History of Economic Thought,
Cambridge University Press, vol. 22(02), pages 127-143, June.
- Joseph Deutsch & Jacques Silber, 2005. "Measuring Multidimensional Poverty: An Empirical Comparison Of Various Approaches," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 51(1), pages 145-174, 03.
- Qizilbash, Mozaffar, 1996.
Elsevier, vol. 24(7), pages 1209-1221, July.
- Qizilbash, M., 1995. "Ethical development," Discussion Paper Series In Economics And Econometrics 9512, Economics Division, School of Social Sciences, University of Southampton.
- Martha Nussbaum, 2003. "Capabilities As Fundamental Entitlements: Sen And Social Justice," Feminist Economics, Taylor & Francis Journals, vol. 9(2-3), pages 33-59.
- Ingrid Robeyns, 2005. "Selecting Capabilities for Quality of Life Measurement," Social Indicators Research, Springer, vol. 74(1), pages 191-215, October.
- Chakravarty, Satya R., 1983. "A new index of poverty," Mathematical Social Sciences, Elsevier, vol. 6(3), pages 307-313, December.
- Duclos, Jean-Yves & Sahn, David & Younger, Stephen D., 2001.
"Robust Multidimensional Poverty Comparisons,"
Cahiers de recherche
0115, Université Laval - Département d'économique.
- Caterina Ruggeri Laderchi, Ruhi Saith and Frances Stewart, .
"Does it matter that we don't agree on the definition of poverty? A comparison of four approaches,"
QEH Working Papers
qehwps107, Queen Elizabeth House, University of Oxford.
- Caterina Ruggeri Laderchi & Ruhi Saith & Frances Stewart, 2003. "Does it Matter that we do not Agree on the Definition of Poverty? A Comparison of Four Approaches," Oxford Development Studies, Taylor & Francis Journals, vol. 31(3), pages 243-274.
- Gustav Ranis & Frances Stewart & Emma Samman, 2005. "Human Development: Beyond the HDI," Working Papers 916, Economic Growth Center, Yale University.
- Amartya Sen, 2004. "Capabilities, Lists, And Public Reason: Continuing The Conversation," Feminist Economics, Taylor & Francis Journals, vol. 10(3), pages 77-80.
- Boland, Philip J. & Proschan, Frank, 1988. "Multivariate arrangement increasing functions with applications in probability and statistics," Journal of Multivariate Analysis, Elsevier, vol. 25(2), pages 286-298, May.
- Sebastiano Bavetta & Marco Del Seta, 2001. "Constraints and the Measurement of Freedom of Choice," Theory and Decision, Springer, vol. 50(3), pages 213-238, May.
- François Bourguignon & Satya Chakravarty, 2003.
"The Measurement of Multidimensional Poverty,"
Journal of Economic Inequality,
Springer, vol. 1(1), pages 25-49, April.
- Baliamoune-Lutz, Mina N., 2004. "On the Measurement of Human Well-being: Fuzzy Set Theory and Sen's Capability Approach," Working Paper Series UNU-WIDER Research Paper , World Institute for Development Economic Research (UNU-WIDER).
- Gustav Ranis, Frances Stewart and Emma Samman, . "Human Development: beyond the HDI," QEH Working Papers qehwps135, Queen Elizabeth House, University of Oxford.
- Mozaffar Qizilbash, 2002. "Development, Common Foes and Shared Values," Review of Political Economy, Taylor & Francis Journals, vol. 14(4), pages 463-480.
- Blakorby, Charles & Donaldson, David, 1980. "Ethical Indices for the Measurement of Poverty," Econometrica, Econometric Society, vol. 48(4), pages 1053-60, May.
- Sen, Amartya K, 1976. "Poverty: An Ordinal Approach to Measurement," Econometrica, Econometric Society, vol. 44(2), pages 219-31, March.
- Allison, R. Andrew & Foster, James E., 2004. "Measuring health inequality using qualitative data," Journal of Health Economics, Elsevier, vol. 23(3), pages 505-524, May.
- Samuels, Warren J., 2002. "Machine Dreams: Economics Becomes a Cyborg Science. By Philip Mirowski. New York: Cambridge University Press, 2002. Pp. xiv, 655. $35.00, paper," The Journal of Economic History, Cambridge University Press, vol. 62(03), pages 913-915, September.
When requesting a correction, please mention this item's handle: RePEc:qeh:ophiwp:ophiwp007. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Rachel Crawford)
If references are entirely missing, you can add them using this form.