Neoliberalism, Neoclassicism, and Economic Welfare
The object of this paper is to examine the theory that justified these policies, describe an alternative approach that argues they were ill-advised, and take a brief look at a small group of Latin American countries in the aftermath of the Mexican Crisis. It will be shown that not only does the alternative view raise serious doubts about the efficacy of Neoliberalism, but that those countries that refused to follow suit were better protected against contagion after the December Mistake.
|Date of creation:||Sep 2009|
|Publication status:||Published in Journal of Economic Issues, June 2009|
|Contact details of provider:|| Web page: http://www.econ.tcu.edu/|
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- Moritz Cruz & Edmund Amann & Bernard Walters, 2006. "Expectations, the business cycle and the Mexican peso crisis," Cambridge Journal of Economics, Oxford University Press, vol. 30(5), pages 701-722, September.
- Chwieroth, Jeffrey, 2007. "Neoliberal Economists and Capital Account Liberalization in Emerging Markets," International Organization, Cambridge University Press, vol. 61(02), pages 443-463, April.
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