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Neoliberalism and the State of the Advanced World Economy: Can the Blind Heal the Crippled?

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  • C. J. Polychroniou

Abstract

Whoever said that economic science is free of ideological bias and political prejudice? Three hundred years of financial and economic crises have meant nothing to die-hard neoliberals, who believe in (among other things) self-regulating markets and trickle-down theory. With so many incorrect assumptions guiding market liberalism, it's no wonder neoliberals have failed to draw the proper lessons from the Great Depression and turned a blind eye to the real causes of the global financial crisis of 2007-08 and the ensuing recession.

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  • C. J. Polychroniou, 2011. "Neoliberalism and the State of the Advanced World Economy: Can the Blind Heal the Crippled?," Economics One-Pager Archive op_14, Levy Economics Institute.
    • Handle: RePEc:lev:levyop:op_14
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