How is the causative role of ideas appreciated in understanding the political economy of neoliberalism?
My latest journal article published in Globalizations delves into this question through a feature review on an outstanding book now available in paperback, which is Damien Cahill’s The End of Laissez-Faire?: On the Durability of Embedded Neoliberalism.
My article raises three specific contributions made by Damien Cahill’s book and its challenge to ideas-centred conceptions of neoliberalism, not least in relation to arguments propounded by neoliberal fundamentalists, Marxist scholars, and constructivist strands of political economy.
These three contributions revolve around the book’s:
- carefully crafted alternative account of ideational causation in shaping neoliberal political economy;
- an alternative origin story of neoliberalism and periodisation of capitalism; and
- an explicit normative perspective in critiquing neoliberalism as a set of class relations through which capital has conditioned the exploitation of labour.
This then leads me to consider some wider questioning of the book while delivering some reflections by way of conclusion as to where this leaves neoliberalism studies in political economy today.
As a result, it is crucial to sustain a focus on the class relations, institutions, and ideology of present-day capitalism. Also, my argument is that reflecting further on the who of power remains an enduring challenge for political economy.
I would especially like to thank the people at Globalizations for supporting this article through to publication, led by Barry Gills and his excellent editorial board team.
The article was first presented at the VI Australian International Political Economy Network (AIPEN) annual workshop, at the University of Wollongong (2-3 February 2015).
Ralph Litzinger | Oct 26 1515
Could you provide the exact citation for the Adam David Morton article in Globalizations. I can’t find it through my library. And the embedded link above takes us into a University of Sydney log in page. Thanks Ralph
Adam David Morton | Oct 26 1515
Apologies, Ralph. The article is available online early through the Globalizations website here: https://www.tandfonline.com/doi/full/10.1080/14747731.2015.1101822
I have updated the link in the blog post, too. The complete reference is Volume 13, Number 2 (2016). Hope that helps. Do drop me an email if you cannot get access.