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The Neoliberal Policy Paradigm and the Great Recession

Author

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  • Howard Stein

Abstract

The paper examines the relationship between neoliberal policies and the Great Recession with a focus on the persistence of the policy paradigm in spite of overwhelming evidence of its role in creating the crisis. These economic problems are only the latest that have arisen in the wake of the three long decade experiment with these policy packages. The paper investigates the ideological, methodological, historical, theoretical, political and economic interests underlying the perpetuation of neoliberalism. Key words: Neoliberalism, Great recession, IMF, Africa, European community.JEL: B4, E6, F34.

Suggested Citation

  • Howard Stein, 2012. "The Neoliberal Policy Paradigm and the Great Recession," Panoeconomicus, Savez ekonomista Vojvodine, Novi Sad, Serbia, vol. 59(4), pages 421-440.
    • Handle: RePEc:voj:journl:v:59:y:2012:i:4:p:421-440:id:126
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    More about this item

    Keywords

    Neoliberalism; Great recession; IMF; Africa; European community;
    All these keywords.

    JEL classification:

    • B4 - Schools of Economic Thought and Methodology - - Economic Methodology
    • E6 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook
    • F34 - International Economics - - International Finance - - - International Lending and Debt Problems

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