Business Intelligence

Neoliberalism, Neoclassicism, And Economic Welfare

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Executive Summary

Economists of every variety generally agree that the object of policy is the creation of conditions conducive to social provisioning or democratic problem solving. Over the past 25 years, the international financial economy has been witness to a variety of Neoliberal reforms thought to be consistent with this goal. Some argue, however, that in practice the opposite has been achieved. Instead of growth, stability, and the narrowing of income gaps, the authors have seen stagnation, volatility, and increased inequality.

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