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Neoliberalism: Befall or Respite?

Author

Listed:
  • Kosta Josifidis
  • Alpar Lošonc
  • Novica Supić

Abstract

The authors of this argumentative article emphasize that the range of the current crisis cannot be depleted in the diagnosis which is based on cyclic consideration. It is both systematic and structural, which is derived from the genesis and the modus of neoliberalism, which has become dominant during the previous decades. Other than that, it is emphasized that the current crisis is “great”, because it forces relevant actors to face the structural characteristics of contemporary shareholder-capitalism. The crisis also puts to a test the self-reflection of the economic science which faces certain deficits. The authors believe that, given the tendencies in today’s economy, there can be different scenarios for exiting the crisis and projecting a new modus of capitalism in the following period. Having in mind the openness of the present and the uncertainty of the future, the authors describe those scenarios without projecting which one of them will be dominant. Key words: Capitalism, Crisis, Neoliberalism, Cyclic, System, Structure.JEL: G01, P16, P51.

Suggested Citation

  • Kosta Josifidis & Alpar Lošonc & Novica Supić, 2010. "Neoliberalism: Befall or Respite?," Panoeconomicus, Savez ekonomista Vojvodine, Novi Sad, Serbia, vol. 57(1), pages 101-117.
    • Handle: RePEc:voj:journl:v:57:y:2010:i:1:p:101-117:id:177
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    Citations

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    Cited by:

    1. Constantinos Alexiou & Joseph G. Nellis, 2016. "Investment Decisions within the Context of Financialization: Cointegration Evidence from the UK Economy," Panoeconomicus, Savez ekonomista Vojvodine, Novi Sad, Serbia, vol. 63(1), pages 113-133, March.
    2. Howard Stein, 2012. "The Neoliberal Policy Paradigm and the Great Recession," Panoeconomicus, Savez ekonomista Vojvodine, Novi Sad, Serbia, vol. 59(4), pages 421-440, September.
    3. Óscar Rodil-Marzábal & Vicente Menezes-Ferreira-Junior, 2016. "The Wealth Effect in the Eurozone," Panoeconomicus, Savez ekonomista Vojvodine, Novi Sad, Serbia, vol. 63(1), pages 87-112, March.
    4. Mary Wrenn, 2014. "Identity, Identity Politics, and Neoliberalism," Panoeconomicus, Savez ekonomista Vojvodine, Novi Sad, Serbia, vol. 61(4), pages 503-515, September.
    5. David Slattery & Joseph G. Nellis, 2011. "Rethinking the Role of Regulation in the Aftermath of the Global Financial Crisis: The Case of the UK," Panoeconomicus, Savez ekonomista Vojvodine, Novi Sad, Serbia, vol. 58(3), pages 407-423, September.
    6. Kosta Josifidis & Novica Supic & Emilija Beker Pucar & Sladjana Srdic, 2014. "Labour migration flows: EU8+2 vs EU-15," Journal of Business Economics and Management, Taylor & Francis Journals, vol. 15(1), pages 41-55, February.
    7. Kosta Josifidis & John Hall & Novica Supić & Olgica IvanÄ ev, 2011. "European Welfare Regimes: Political Orientations versus Poverty," Panoeconomicus, Savez ekonomista Vojvodine, Novi Sad, Serbia, vol. 58(5), pages 651-674, December.
    8. Kosta Josifidis & Alpar LosÌŒonc, 2014. "Some Thoughts on Power: International Context," Panoeconomicus, Savez ekonomista Vojvodine, Novi Sad, Serbia, vol. 61(5), pages 597-615, October.
    9. Kosta Josifidis & Radmila Dragutinović Mitrović & Novica Supić, 2016. "Redistribution and Transmission Mechanisms of Income Inequality – Panel Analysis of the Affluent OECD Countries," Panoeconomicus, Savez ekonomista Vojvodine, Novi Sad, Serbia, vol. 63(2), pages 231-258, April.
    10. Tomas Zelinsky, 2012. "Changes in Relative Material Deprivation in Regions of Slovakia and the Czech Republic," Panoeconomicus, Savez ekonomista Vojvodine, Novi Sad, Serbia, vol. 59(3), pages 335-353, June.
    11. Francisco Carballo-Cruz, 2011. "Causes and Consequences of the Spanish Economic Crisis: Why the Recovery is Taken so Long?," Panoeconomicus, Savez ekonomista Vojvodine, Novi Sad, Serbia, vol. 58(3), pages 309-328, September.

    More about this item

    Keywords

    Capitalism; Crysys; Neoliberalism; Cyclic; System; Structure;
    All these keywords.

    JEL classification:

    • G01 - Financial Economics - - General - - - Financial Crises
    • P16 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Capitalist Institutions; Welfare State
    • P51 - Political Economy and Comparative Economic Systems - - Comparative Economic Systems - - - Comparative Analysis of Economic Systems

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