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The neoliberal policy paradigm and the great recession

2012/01/01 by Howard Stein · 13 citations
Economics, Econometrics and Finance · Social Sciences · #Economic Theory and Policy #Regional Development and Policy #Global Financial Crisis and Policies #Neoliberalism (international relations) #Recession #Ideology #Great recession #Political economy #Politics #Persistence (discontinuity) #Political science #Focus (optics) #Economics #Development economics #Keynesian economics #Law

paper · pdf · doi:10.2298/pan1204421s

published in Panoeconomicus 59(4), 421-440 (Economists' Association of Vojvodina)

openalex publication_date 2012/01/01 · openalex created_date 2016/06/24 · openalex updated_date 2026/05/21

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.

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