{"id":2023,"date":"2011-10-13T11:04:26","date_gmt":"2011-10-13T15:04:26","guid":{"rendered":"http:\/\/www.multiplier-effect.org\/?p=2023"},"modified":"2011-10-13T11:04:26","modified_gmt":"2011-10-13T15:04:26","slug":"neoliberalism-in-a-time-of-crisis","status":"publish","type":"post","link":"https:\/\/blogs.bard.edu\/multiplier-effect\/neoliberalism-in-a-time-of-crisis\/","title":{"rendered":"Neoliberalism in a Time of Crisis"},"content":{"rendered":"

“Crises are an inherent feature of capitalism. Marx knew this only too well; so did Keynes and Minsky. Neoliberals, on the other hand, tend to believe that it is government action that causes market turbulence and economic instability.”\u00a0 This is the opening salvo from a new one-pager by C. J. Polychroniou<\/a> that takes on neoliberal doctrine in light of the global financial crisis (Read it here<\/a>.)<\/p>\n

Polychroniou also has a recent working paper that looks at the potential dissolution of the Eurozone as a failure of neoliberalism:<\/p>\n

…the fact that EU\u2019s leaders are having a difficult time getting a handle on the Greek problem and providing a comprehensive solution for the eurozone debt crisis is due to the very constraints of the neoliberal economic regime in which policymakers operate, and helped to create, and much less a question of political incompetence. The architecture of eurozone governance, combined with the asymmetries of European integration, severely limit quick, far-reaching political decisions for addressing the debt crisis, including Europe\u2019s banking system that remains vastly undercapitalized.<\/p><\/blockquote>\n

The paper includes a detailed and compelling narrative of how Greece got to where it is today.\u00a0 (Read the working paper here<\/a>.)<\/p>\n","protected":false},"excerpt":{"rendered":"

“Crises are an inherent feature of capitalism. Marx knew this only too well; so did Keynes and Minsky. Neoliberals, on the other hand, tend to believe that it is government action that causes market turbulence and economic instability.”\u00a0 This is the opening salvo from a new one-pager by C. J. Polychroniou that takes on neoliberal […]<\/p>\n","protected":false},"author":202,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,15,8],"tags":[],"class_list":["post-2023","post","type-post","status-publish","format-standard","hentry","category-economic-policy","category-eurozone-crisis","category-financial-crisis"],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/posts\/2023","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/users\/202"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/comments?post=2023"}],"version-history":[{"count":4,"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/posts\/2023\/revisions"}],"predecessor-version":[{"id":2028,"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/posts\/2023\/revisions\/2028"}],"wp:attachment":[{"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/media?parent=2023"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/categories?post=2023"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/tags?post=2023"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}