POL 208 Chapter Notes -Helmut Kohl, Classical Liberalism, Neoliberalism
27 Mar 2014
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Basic tenets of neoliberalism: deep faith in markets as the best allocators of resources in a society, belief that government intervention in markets is almost always bad; markets work best when left to themselves. -> opposed to development economics --> keynesians economics --> same as welfare state. -> 1973-1979 = oil crisis ( yom kippur. ---> born in chicago school of economics: neo liberalism: thatcher (1979-1990, regan (1980-1988, joe clark, helmut kohl : chancellor of germany, neo- liberal solutions for the global dead crisis. Neo-liberalism and saps: neo-liberalism draws on the neo-classical economics of adam smith and modernization theory. Criticisms of neoliberal reforms: many people challenge the imf and wb"s first claim tat saps will reduce poverty, neo-liberal policies spearheaded by these and other institutions known as the. Increased unemployment and political violence including civil wars: decline in real wages, reduced public and social spending- widespread deterioration in the welfare of populations lifting of subsidies )
