Neoliberalism Is a Simplistic Perversion of Economics
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Neoliberalism Is a Simplistic Perversion of Economics
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Re: Neoliberalism Is a Simplistic Perversion of Economics
#2[deleted]
Re: Neoliberalism Is a Simplistic Perversion of Economics
#3Interestingly, now that neoliberal is being used as a slur, there's a rising movement reclaiming the term and offering policies that solve a lot of the issues earlier neoliberals went wrong with.
Here's one site: https://neoliberalproject.org
Also see: https://niskanencenter.org
My interactions with these folks have found them very reasonable. They're kind of like reformed libertarians who've learned that we need social safety nets, etc., but still believe more in markets than standard Democrats do.
Re: Neoliberalism Is a Simplistic Perversion of Economics
#4Neoliberal microeconomics is just a model of markets? No model is perfect. All models are all far simpler than reality and probably perverse in some way. If they weren't they wouldn't be useful as models. Don't blame the model, blame the people that abuse it.
Re: Neoliberalism Is a Simplistic Perversion of Economics
#5"Neoliberalism", or the story of one of the dumbest terms used on economics. No liberals -or "libertarian" for north americans- consider itself a neoliberal. No existing bibliography talks about it, only detractors of traditional liberalism. Then why to add the neo prefix to it?
Re: Neoliberalism Is a Simplistic Perversion of Economics
#6"Neoliberalism", or the story of one of the dumbest terms used on economics. No liberals -or "libertarian" for north americans- consider itself a neoliberal. No existing bibliography talks about it, only detractors of traditional liberalism. Then why to add the neo prefix to it?
I mean, the IMF hosts (but not necessarily agrees with) articles that use the word [1].
[1] https://www.imf.org/external/pubs/ft/fandd/2016/06/ostry.htm
Re: Neoliberalism Is a Simplistic Perversion of Economics
#7Interestingly, now that neoliberal is being used as a slur, there's a rising movement reclaiming the term and offering policies that solve a lot of the issues earlier neoliberals went wrong with. Here's one site: https://neoliberalproject.org Also see: https://niskanencenter.org My interactions with these folks have found them very reasonable. They're kind of like reformed libertarians who've learned that we need soc…
[deleted]
Re: Neoliberalism Is a Simplistic Perversion of Economics
#8Interestingly, now that neoliberal is being used as a slur, there's a rising movement reclaiming the term and offering policies that solve a lot of the issues earlier neoliberals went wrong with. Here's one site: https://neoliberalproject.org Also see: https://niskanencenter.org My interactions with these folks have found them very reasonable. They're kind of like reformed libertarians who've learned that we need soc…
Even with a growing number of Democrats willing to identify as socialists (or even leftists) rather than liberals... I haven't yet made the acquaintance of one that doesn't believe in the wide power of a market economy.
There's just lots that also believe there are some areas where markets are sub-optimal to wrong because (a) a commons is more efficient and/or (b) it's difficult to impossible to line up incentives correctly and/or (c) there are values in play that supersede market activity.
(None of these beliefs are necessarily unique to Democrats, either -- lots of people would believe that public transportation infrastructure greases the wheels of private activity, that insurance incentives are different than other goods/services, or that assassination markets might not really be a good thing)
Re: Neoliberalism Is a Simplistic Perversion of Economics
#9Neoliberal microeconomics is just a model of markets? No model is perfect. All models are all far simpler than reality and probably perverse in some way. If they weren't they wouldn't be useful as models. Don't blame the model, blame the people that abuse it.
right, the criticism of neolibralism is that it doesn't acknowledge the problematic simplicity of the models they apply. Things aren't as simply as supply and demand in labor markets for instance, The socially constructed notion of productivity and negotiating power aren't included in econ 101 models of labor markets, leading to misguided arguments against minimum wages. No model is perfect isn't a good argument for misapplying conceptual models to real world situations.
Re: Neoliberalism Is a Simplistic Perversion of Economics
#10I had a really hard time understanding all that, but I'm wondering about some of the ideas here:
"offering plenty of tools we can use to make society more inclusive"
Isn't half the issue with ALL economic points of view now that actions aren't having the effect we think they should and the "tools" don't work like we think they used to?