IDEAS home Printed from https://ideas.repec.org/a/sae/ecolab/v25y2014i3p518-531.html
   My bibliography  Save this article

The collapse of neoliberal capitalism: Causes and cures: A review article

Author

Listed:
  • Peter Kriesler
  • JW Nevile

Abstract

These books, different in style and content but united in purpose and major conclusions, analyse events from 2007 to 2010 to ascertain why the economic disaster happened and what must be done to put the United States economy (on which both books focus) on a more secure footing, and prevent any recurrence of the extended crisis of those years. Both target the increasing influence of market liberalism over the last 30 years, and the institutions of capitalist economies which they have encouraged. Taylor focuses more on the regulation of the international financial sector, and Palley on labour market policy. They agree that both need to be addressed if the United States economy is to be restored to health. Both argue that growing income inequality in the US must be reversed before the US economy can significantly improve. Finally, they stress the interrelationship between political ideology and economic explanation, and argue that value free positive economics is a myth.

Suggested Citation

  • Peter Kriesler & JW Nevile, 2014. "The collapse of neoliberal capitalism: Causes and cures: A review article," The Economic and Labour Relations Review, , vol. 25(3), pages 518-531, September.
    • Handle: RePEc:sae:ecolab:v:25:y:2014:i:3:p:518-531
    DOI: 10.1177/1035304614548116
    as

    Download full text from publisher

    File URL: https://journals.sagepub.com/doi/10.1177/1035304614548116
    Download Restriction: no
    File URL: https://libkey.io/10.1177/1035304614548116?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Other versions of this item:

    References listed on IDEAS

    as
    1. G. C. Harcourt, 2001. "50 Years a Keynesian and Other Essays," Palgrave Macmillan Books, Palgrave Macmillan, number 978-0-230-52331-9, October.
    2. G. C. Harcourt, 2001. "50 Years a Keynesian," Palgrave Macmillan Books, in: 50 Years a Keynesian and Other Essays, chapter 1, pages 1-30, Palgrave Macmillan.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Geoffrey Harcourt & Peter Kriesler, 2012. "Introduction [to Handbook of Post-Keynesian Economics: Oxford University Press: USA]," Discussion Papers 2012-33, School of Economics, The University of New South Wales.
    2. G. C. Harcourt, 2009. "The Rise and, Hopefully, the Fall of Economic Neo-Liberalism in Theory and Practice," The Economic and Labour Relations Review, , vol. 20(1), pages 1-6, December.
    3. Geoff C. Harcourt & Peter Kriesler & John Nevilet, 2013. "Why myths in neoclassical economics threaten the world economy: a post-Keynesian Manifesto," Discussion Papers 2013-36, School of Economics, The University of New South Wales.
    4. Pompeo Della Posta, 2002. "Modelli di crisi valutarie e misure di politica economica," Moneta e Credito, Economia civile, vol. 55(219), pages 237-262.
    5. GC Harcourt & Peter Kriesler & John Langmore, 2013. "Faith, works and talents entwined: Driving forces behind John Nevile’s contributions," The Economic and Labour Relations Review, , vol. 24(2), pages 228-237, June.
    6. John Nevile, 2018. "Learning from full employment history: The 1945 Australian White Paper in practice," The Economic and Labour Relations Review, , vol. 29(4), pages 446-458, December.
    7. Joseph Halevi & Neil Hart & Peter Kriesler, 2012. "The traverse, equilibrium analysis and post-Keynesian economics," Discussion Papers 2012-32, School of Economics, The University of New South Wales.
    8. Enrico Bellino & Christian Bidard & Saverio M. Fratini & G.C. Harcourt & Arrigo Opocher & Ian Steedman & Naoki Yoshihara & Heinz D. Kurz, 2017. "Symposium on Arrigo Opocher and Ian Steedman (," Metroeconomica, Wiley Blackwell, vol. 68(4), pages 586-624, November.
    9. Massimo Cingolani, 2008. "Full Employment as a Possible Objective for EU Policy I. A Perspective From the Point of View of The Monetary Circuit," Panoeconomicus, Savez ekonomista Vojvodine, Novi Sad, Serbia, vol. 55(1), pages 89-114, March.
    10. Frank Stilwell, 2019. "From Economics to Political Economy: Contradictions, Challenge, and Change," American Journal of Economics and Sociology, Wiley Blackwell, vol. 78(1), pages 35-62, January.
    11. G. C. Harcourt, 2013. "Ronald Meek's “Magnificent” Review Article of Piero Sraffa's 1960 Classic: Top Hit in Decade 1954–63 in the Scottish Journal of Political Economy," Scottish Journal of Political Economy, Scottish Economic Society, vol. 60(5), pages 478-480, November.
    12. G. C. Harcourt, 2007. "Markets, Madness and a Middle Way Revisited," The Economic and Labour Relations Review, , vol. 17(2), pages 1-10, April.

    More about this item

    Keywords

    Global financial crisis; income inequality; Keynesian economics; macroeconomic policy; neoliberalism;
    All these keywords.

    JEL classification:

    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sae:ecolab:v:25:y:2014:i:3:p:518-531. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: SAGE Publications (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.