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Economic liberalism: fall, revival and resistance

  • John Quiggin

    ()

    (Department of Economics, University of Queensland)

The chapter is organised as follows. Section 1 is a historical survey of the fluctuating fortunes of economic liberalism from its eclipse after 1914, to its resurgence in the 1990s, and ending with evidence that economic liberalism has lost ground since the late 1990s, particularly in the English-speaking countries. Section 2 describes the ideology and rhetoric of economic liberalism. Sections 3, 4 and 5 deal with specific aspects of the policy framework of economic liberalism. Section 6 provides a brief assessment of the outcomes generated by economic 3 liberalism. Finally, some concluding comments are offered.

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Paper provided by Risk and Sustainable Management Group, University of Queensland in its series Australian Public Policy Program Working Papers with number WP3P05.

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Date of creation: Apr 2005
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Handle: RePEc:rsm:pubpol:p05_3
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  1. Assar Lindbeck, 1997. "The Swedish Experiment," Journal of Economic Literature, American Economic Association, vol. 35(3), pages 1273-1319, September.
  2. David Henderson, 1995. "The Revival of Economic Liberalism: Australia in an International Perspective," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 28(1), pages 59-85.
  3. Henderson, D., 1995. "The Revival of Economic Liberalism: Australia in an International Perspective," Department of Economics - Working Papers Series 467, The University of Melbourne.
  4. Baumol, William J, 1972. "Macroeconomics of Unbalanced Growth: Reply," American Economic Review, American Economic Association, vol. 62(1), pages 150, March.
  5. Quiggin, John, 1998. "Social Democracy and Market Reform in Australia and New Zealand," Oxford Review of Economic Policy, Oxford University Press, vol. 14(1), pages 76-95, Spring.
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