HOW LIBERAL IS NEOLIBERALISM? RETHINKING THE CONCEPTIONS OF THE WELFARE STATE, LEGISLATIVE ORGANS, SOCIAL JUSTICE, AND COMPETITION IN HAYEK’S THOUGHT
HOW LIBERAL IS NEOLIBERALISM? RETHINKING THE CONCEPTIONS OF THE WELFARE STATE, LEGISLATIVE ORGANS, SOCIAL JUSTICE, AND COMPETITION IN HAYEK’S THOUGHT

Summary/Abstract: With the expansion of US-led economic policy following the economic depression of the 1970s and the proliferation of new information and communication technologies, the 1980s became a crucial period signaling dramatic changes all around the world. By the end of these years, the Keynesian economy, which accredited states as active and interventionist players in the economy in order to ensure both growth and equity, began to break down. In this period economic liberalism gained power again and political and economic theories and practices turned towards neoliberalism. As a result, deregulation, privatization and the withdrawal of the state from many areas were accelerated. All these changes were significant and affected the structure of almost everything, including education, culture, life and trends in thought. Friedrich A. von Hayek was one of the pioneers of this transformation.

• Details
• Contents