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Immanent Critique, Enabling Myths, and the Neoliberal Narrative

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  • Mary V. Wrenn

Abstract

This research aims to untangle and critically assess the core enabling myths of neoliberalism. The first step is to outline in brief the method of immanent critique, how it works, as well as its advantages and possible limits. The next step is to use immanent critique to strip the neoliberal narrative to its core, organizing myths: the myths of privatization, deregulation, and retrenchment of the welfare state.

Suggested Citation

  • Mary V. Wrenn, 2016. "Immanent Critique, Enabling Myths, and the Neoliberal Narrative," Review of Radical Political Economics, Union for Radical Political Economics, vol. 48(3), pages 452-466, September.
    • Handle: RePEc:sae:reorpe:v:48:y:2016:i:3:p:452-466
    DOI: 10.1177/0486613415605074
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    References listed on IDEAS

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    1. James Crotty, 2003. "The Neoliberal Paradox: The Impact of Destructive Product Market Competition and Impatient Finance on Nonfinancial Corporations in the Neoliberal Era," Review of Radical Political Economics, Union for Radical Political Economics, vol. 35(3), pages 271-279, September.
    2. Gérard Dumesnil & Dominique Levy, 2011. "The crisis of neoliberalism," PSE-Ecole d'économie de Paris (Postprint) halshs-00654682, HAL.
    3. James Crotty, 2009. "Structural causes of the global financial crisis: a critical assessment of the 'new financial architecture'," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 33(4), pages 563-580, July.
    4. William M. Dugger, 1989. "Instituted Process and Enabling Myth: The Two Faces of the Market," Journal of Economic Issues, Taylor & Francis Journals, vol. 23(2), pages 607-615, June.
    5. Luiz Carlos Bresser-Pereira, 2010. "The global financial crisis and a new capitalism?," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 32(4), pages 499-534, July.
    6. Gérard Dumesnil & Dominique Levy, 2011. "The crisis of neoliberalism," Post-Print halshs-00654682, HAL.
    7. Pamela Taylor Jackson & James Ronald Stanfield, 2004. "The Role of the Press in a Democracy: Heterodox Economics and the Propaganda Model," Journal of Economic Issues, Taylor & Francis Journals, vol. 38(2), pages 475-482, June.
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    More about this item

    Keywords

    immanent critique; neoliberalism; privatization; deregulation; welfare state;
    All these keywords.

    JEL classification:

    • B5 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches
    • P16 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Capitalist Institutions; Welfare State
    • N32 - Economic History - - Labor and Consumers, Demography, Education, Health, Welfare, Income, Wealth, Religion, and Philanthropy - - - U.S.; Canada: 1913-

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