Tag Archives: neoliberalism

The Paradigm Shift in Political Economy and the Failure of the Mont Pelerin ideas

Posted on March 26, 2021 by Oleg Komlik

by Vadym Syrota* The current period of socio-economic development across the globe is featured by the paradigm shift in dominant economic theory similar to the one that took place in 1970-80s. The appearance of Friedrich Hayek’s The Road to Serfdom (1944) … Continue reading →

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Condemning the University of Leicester — Standing for Political Economy and Critical Management Studies

Posted on January 28, 2021 by Oleg Komlik

On January 18 — the first day of second semester — senior managers at the University of Leicester (UK) notified dozens of academic staff members and professional employees that their jobs are at risk of redundancy. In the midst of … Continue reading →

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Foucault: Neoliberalism Redefined Homo Economicus

Posted on November 18, 2020 by Oleg Komlik

Michel Foucault, a lecture at the Collège de France, March 1979: “The characteristic feature of the classical conception of homo economicus is the partner of exchange and the theory of utility based on a problematic of needs. In neo-liberalism — … Continue reading →

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Polanyi’s Prescience: Covid-19, Market Utopianism, and the Reality of Society

Posted on October 16, 2020 by Oleg Komlik

by Margaret Somers and Fred Block * One of Karl Polanyi’s fundamental concepts is ‘the reality of society’, a term he uses in The Great Transformation (TGT) (Polanyi 1944/2001) to contest the idealised model of the autonomous self-regulating market. Modern … Continue reading →

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Political Economy After Neoliberalism: A Manifesto for New Thinking

Posted on October 8, 2020 by Oleg Komlik

by Neil Fligstein and Steven Vogel* If anything could have dislodged the neoliberal doctrine of freeing the market from the government, you might have expected the coronavirus pandemic to do the trick. Of course, the same was said about the global financial … Continue reading →

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The Future of Work

Posted on September 20, 2020 by Oleg Komlik

“I can’t remember — do I work at home or do I live at work?“ See below insightful books on various aspects of the phenomenon reflected in the cartoon. The point is, although they were written in the pre-COVID-19 world, … Continue reading →

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The Long Divorce Between the Economy and Financial Markets

Posted on July 14, 2020 by Oleg Komlik

by Ken-Hou Lin and Megan Tobias Neely* As the coronavirus spread around the world, the global economy entered a recession unprecedented in scale. The World Bank predicts a 5.2 percent economic contraction by the end of this year—the largest downturn … Continue reading →

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How Did Corporations Spread CSR from the US to the Rest of the World?

Posted on May 29, 2020 by Oleg Komlik

by Rami Kaplan & Daniel Kinderman* Why do firms adopt Corporate Social Responsibility (CSR) practices? How does CSR spread across the globe? Our paper “The Business-Led Globalization of CSR” provides surprising answers to these most fundamental questions, based on the … Continue reading →

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“Herd Immunity” is Epidemiological Neoliberalism

Posted on April 24, 2020 by Oleg Komlik

by Isabel Frey* While most European countries are imposing lockdowns to stop the spread of the coronavirus, a few countries are opting for a different strategy: herd immunity. Instead of testing as many people as possible and implementing measures to … Continue reading →

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The Probable Implications of the Coronavirus Crisis — Costas Lapavitsas, Katharina Pistor, David Runciman

Posted on April 3, 2020 by Oleg Komlik

> Costas Lapavitsas: “This Crisis has exposed the absurdities of Neoliberalism. That doesn’t mean it’ll destroy it… The nation-state has always been at the heart of neoliberal capitalism, guaranteeing the class rule of the dominant corporate and financial bloc through … Continue reading →

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The Probable Implications of the Coronavirus Crisis — David Harvey, William Davies, Ivan Krastev

Posted on March 27, 2020 by Oleg Komlik

> David Harvey: “Forty years of neoliberalism… had left the public totally exposed and ill-prepared to face a public health crisis of this sort… In many parts of the supposed “civilized” world, local governments and state authorities, which invariably form … Continue reading →

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The Probable Implications of the Coronavirus Crisis — Adam Tooze, Judith Butler, Radhika Desai

Posted on March 24, 2020 by Oleg Komlik

> Radhika Desai: “The present pandemic is certain to be different not because it is more lethal than previous ones (it is not), nor because it is causing havoc in financial markets (as most crises of neoliberal era have), but … Continue reading →

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Neoliberalism, Varieties of Capitalism, and Coronavirus

Posted on March 10, 2020 by Oleg Komlik

Since Neoliberalism shaped and fortified the notion that ‘the economy’ precedes ‘society’, now that Coronavirus crisis requires to put society first — this is perceived by many as simply illogical and capricious. The pandemic around the world is demonstrating a … Continue reading →

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Jacques Chirac: Tony Blair is New Labour, which means he’s several steps to the right of conservatives

Posted on February 1, 2020 by Oleg Komlik

“[Jacques Chirac] was a conservative. He was intrigued by New Labour. Sometimes he used to say “Tony Blair is New Labour, which means he’s several steps to the right of me”.” (Tony Blair, September 26, 2019) These excellent books elaborate … Continue reading →

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Is the United States the Champion of Global Finance or its Victim? A New Look at the Fed’s Low-inflation Policy

Posted on November 22, 2019 by Oleg Komlik

By Arie Krampf* My article “Monetary Power Reconsidered: The Struggle between the Bundesbank and the Fed over Monetary Leadership”, recently published in International Studies Quarterly, contributes to the burgeoning literature that challenges the US-hegemony hypothesis in the global financial sub-order. It … Continue reading →

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