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Masters of the Universe: Hayek, Friedman, and the Birth of Neoliberal Politics

Author

Listed:
  • Daniel Stedman Jones

    (barrister, London)

Abstract

Based on archival research and interviews with leading participants in the movement, Masters of the Universe traces the ascendancy of neoliberalism from the academy of interwar Europe to supremacy under Reagan and Thatcher and in the decades since. Daniel Stedman Jones argues that there was nothing inevitable about the victory of free-market politics. Far from being the story of the simple triumph of right-wing ideas, the neoliberal breakthrough was contingent on the economic crises of the 1970s and the acceptance of the need for new policies by the political left. This edition includes a new foreword in which the author addresses the relationship between intellectual history and the history of politics and policy. Fascinating, important, and timely, this is a book for anyone who wants to understand the history behind the Anglo-American love affair with the free market, as well as the origins of the current economic crisis.

Suggested Citation

  • Daniel Stedman Jones, 2014. "Masters of the Universe: Hayek, Friedman, and the Birth of Neoliberal Politics," Economics Books, Princeton University Press, edition 1, number 10240.
    • Handle: RePEc:pup:pbooks:10240
    as

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    Citations

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    Cited by:

    1. Irit Keynan, 2016. "Is neoliberalism consistent with individual liberty? Friedman, Hayek and Rand on education employment and equality," International Journal of Teaching and Education, International Institute of Social and Economic Sciences, vol. 4(4), pages 30-47, December.
    2. Mireille Chiroleu‐Assouline & Thomas P. Lyon, 2020. "Merchants of doubt: Corporate political action when NGO credibility is uncertain," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 29(2), pages 439-461, April.
    3. Ben Fine & Alfredo Saad-Filho & Kate Bayliss & Mary Robertson, 2016. "Thirteen Things You Need to Know about Neoliberalism," Working papers wpaper155, Financialisation, Economy, Society & Sustainable Development (FESSUD) Project.
    4. David Mayer & Berthold Molden, 2021. "Die österreichische Schule der Nationalökonomie als politische Strömung," Working Paper Reihe der AK Wien - Materialien zu Wirtschaft und Gesellschaft 220, Kammer für Arbeiter und Angestellte für Wien, Abteilung Wirtschaftswissenschaft und Statistik.
    5. Irit Keynan & Alon Lazar, 2017. "Defining the Good Citizen: Online Conceptions of American Members of the Yahoo! Answers Community," International Journal of Social Science Studies, Redfame publishing, vol. 5(4), pages 6-13, April.
    6. Laurie Laybourn-Langton, 2020. "CHANGE ONLY THROUGH CRISIS? Reflections on strategies for paradigm shift in an age of coronavirus and environmental breakdown," Working Papers 6, Forum New Economy.
    7. Gregor Murray & Christian Lévesque & Glenn Morgan & Nicolas Roby, 2020. "Disruption and re-regulation in work and employment: from organisational to institutional experimentation," Transfer: European Review of Labour and Research, , vol. 26(2), pages 135-156, May.
    8. Yannis Dafermos & Daniela Gabor & Jo Michell, 2023. "Institutional supercycles: an evolutionary macro-finance approach," New Political Economy, Taylor & Francis Journals, vol. 28(5), pages 693-712, September.
    9. Mireille Chiroleu-Assouline & Thomas P. Lyon, 2016. "Merchants of Doubt: Corporate Political Influence when Expert Credibility is Uncertain," Working Papers 2016.28, FAERE - French Association of Environmental and Resource Economists.
    10. Muñoz, Pablo & Kimmitt, Jonathan, 2018. "Entrepreneurship and the rest: The missing debate," Journal of Business Venturing Insights, Elsevier, vol. 9(C), pages 100-106.
    11. Kai Jäger, 2017. "Economic Freedom in the Early 21st Century: Government Ideology Still Matters," Kyklos, Wiley Blackwell, vol. 70(2), pages 256-277, May.

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