Tag Archives: Neoliberalism

NEP’s Bill Black appears on Rising Up With Sonali talking about Ecuadoreans and their choice of continuity by choosing a left-leaning government over a neo-liberal agenda in recent Presidential elections. [embedded content]

Ahead of upcoming elections, a call for austerity and economic policies structured for the elites to be left in the nation's pastby Ha-Joon Chang, James K. GalbraithOver the past ten years, Ecuador has achieved major economic and social advances. We are concerned that many of these important gains in poverty reduction, wage growth, reduced inequality, and greater social inclusion could be eroded by a return to of the policies of austerity and neoliberalism that prevailed in Ecuador from the...

[embedded content] Panel at the Eastern Economic Association Meeting with Robert Blecker, Orsola Costantini, Esteban Pérez Caldentey and Mark Weisbrot. The mini symposium organized by Orsola I discuss in the beginning is here, and the papers by Cornell West and Nancy Fraser are here and here, respectively.

This Friday for those in New York, during the Meeting of the Eastern Economic Association.<Friday, February 24, 1:00-2:20>Roundtable on The Future of Neoliberalism (JEL Code B)Session Chair:  Esteban Pérez-Caldentey, ECLAC ChileRoundtable Panelists:Robert Blecker, American University Orsola Costantini, INET Kim Phillips-Fein, New York University Matías Vernengo, Bucknell UniversityMark Weisbrot, CEPR

This paper was published by Latin American Policy last year, co-authored by my ex-student Carlos Schönerwald Silva. From the abstract: Several political and academic circles have considered microfinance to be an important tool to promote economic development and the reduction of poverty. It became a worldwide phenomenon, and the practice disseminated in many developing countries such as Brazil. Even as many authors sing the praises of microfinance—in particular the success in developing...

Soybean Republic As promised, here are some brief reflections on the situation in Argentina, which I think is not as bad as in Brazil economically or politically, surprisingly, since Argentina had a balance of payments problem that is completely absent in the increasingly chaotic neighbor, and the left actually lost the election, which was not the case of Dilma (a coup was required to defenestrate her). As I suggested in my talk a year ago (for non Spanish speakers go to this text), the...

The working class elephant in the room Upton Sinclair famously said that "it is difficult to get a man to understand something, when his salary depends on his not understanding it." Not understanding the results of this election is what the Democratic establishment is trying very hard to do. Many will continues to say that at the heart of the loss are the misogyny, racism and xenophobia of Trump and his supporters, which is real and problematic, but deny the truth that it was the...

Here are the figures from the World Bank for the two relevant periods by region:Average Per Capita GDP Growth Rates 1960–2010 Region | 1960–1980 | 1980–2010 sub-Saharan Africa | 2.0% | 0.2% Latin America and the Caribbean | 3.1% | 0.8% Middle East and North Africa | 2.5% | 1.3% East Asia and Pacific | 5.3% | 7% Developed Nations | 3.2% | 1.8% (cited in Chang 2015: 25–26). Note carefully: in every region except East Asia per capita GDP growth rates slumped under neoliberalism.There is one...

Way less scary than Neoliberalism Debate with Mirowski, as promised. From the INET website: While the Neoliberal movement’s concerns extend into a broad political reorganization of society, it remains intimately connected with neoclassical economic thought. The idea of a Neoliberal Thought Collective (NTC) being a “completely different school of thought” from neoclassical economics is not quite correct. It is true that Neoliberalism transcends the more limited scope of neoclassical...

Neoliberalism is resurgent in Latin America, and quite never left in the US anyway. And everything indicates that, either with Trump (yes, he does have a right-wing populist discourse, but I wouldn't take it too seriously; see his tax plan) or Clinton, it will continue to do well here, even if there is clearly a desire for change. This paper by Mirowski discusses the main points of Neoliberalism. A short reply by yours truly will be published soon in the INET website.