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Silent Conversion to Anti-Statism : Historical Origins of the Belief in Market Superiority

[working paper]

Engartner, Tim

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Corporate Editor Universität Hamburg, Fak. Wirtschafts- und Sozialwissenschaften, FB Sozialökonomie, Zentrum für Ökonomische und Soziologische Studien (ZÖSS)
Abstract "Despite severe economic turmoil within the last decade the stock diagnosis for most market insufficiencies has been: the state must be 'slimmed down'. Satisfying social needs through the free market under the slogan of 'less government is good government' has been a constitutive feature of economic policy since the rise of neoliberalism in the 1980s. But even as the deregulation of the markets and the 'downsizing' of the state causes growing social turbulences – especially in the context of the current financial and economic meltdown – politicians, scholars and the media still cling to the idea of an omnipotent market. Deeprooted and widely-spread anti-statism still fulfils the role of a creed serving to legitimize the necessity of market-centred 'reforms'." (author´s abstract)
Keywords market power; market economy; liberalism; neoliberalism; economic reform; deregulation; denationalization
Classification Political Economy
Document language English
Publication Year 2012
City Hamburg
Page/Pages 20 p.
Series ZÖSS Discussion Paper, 28
ISSN 1868-4947
Status Published Version
Licence Deposit Licence - No Redistribution, No Modifications
data provider This metadata entry was indexed by the Special Subject Collection Social Sciences, USB Cologne