Masters of the universe : Hayek, Friedman, and the birth of neoliberal politics / Daniel Stedman Jones.

Format:

Book

Author/Creator:

Jones, Daniel Stedman.

Language:

English

Subjects (All):

Neoliberalism--History.

Neoliberalism.

Economic policy.

Economics--Political aspects.

Economics.

History.

Physical Description:

xii, 418 pages ; 24 cm

Place of Publication:

Princeton, N.J. : Princeton University Press, [2012]

Contents:

The Three Phases of Neoliberalism 6

Neoliberalism and History 10

Transatlantic Neoliberal Politics 15

1 The Postwar Settlement 21

2 The 1940s: The Emergence of the Neoliberal Critique 30

Karl Popper and "The Open Society" 37

Ludwig von Mises and "Bureaucracy" 49

Friedrich Hayek and "The Road to Serfdom" 57

The Mont Pelerin Society and "The Intellectuals and Socialism" 73

3 The Rising Tide: Neoliberal Ideas in the Postwar Period 85

The Two Chicago Schools: Henry Simons, Milton Friedman, and Neoliberalism 89

The Enlightenment, Adam Smith and Neoliberalism 100

Economic and Political Freedom: Milton Friedman and Cold War Neoliberalism 111

The German Economic Miracle: Neoliberalism and the Soziale Marktwirtschaft 121

Regulatory Capture, Public Choice, and Rational Choice Theory 126

4 A Transatlantic Network: Think Tanks and the Ideological Entrepreneurs 134

The United States in the 1950s: Fusionism and the Cold War 138

British Conservatism in the 1950s 147

Neoliberal Organization in the 1950s and 1960s 152

' The Second Wave: Free Market Think Tanks in the 1970s 161

Neoliberal Journalists and Politicians 173

Breakthrough? 178

5 Keynesianism and the Emergence of Monetarism, 1945-71 180

Keynes and Keynesianism 182

"A Little Local Difficulty": Enoch Powell's Monetarism 190

American Economic Policy in the 1960s 197

Milton Friedman's Monetarism 201

The Gathering Storm 212

6 Economic Strategy: The Neoliberal Breakthrough, 1971-84 215

The Slow Collapse of the Postwar Boom, 1964-71 217

Stagflation and Wage and Price Policies 225

The Heath Interregnum and the Neoliberal Alternative 230

The Left Turns to Monetarism, 1: Callaghan, Healey and the IMF Crisis 241

The Left Turns to Monetarism, 2: Jimmy Carter and Paul Volcker's Federal Reserve 247

Thatcherite Economic Strategy 254

Reaganomics 263

Conclusion 269

7 Neoliberalism Applied? The Transformation of Affordable Housing and Urban Policy in the United States and Britain, 1945-2000 273

Postwar Low-Income Housing and Urban Policy in the United States 278

Postwar Low-Income Housing and Urban Policy in Britain 288

Jimmy Carter and the Limits of Government 295

Property-Owning Democracy and Individual Freedom: Housing and Neoliberal Ideas 297

The Reagan Administration 304

Council House Privatization: The Right to Buy Scheme 308

Transatlantic Transmissions: Reagan's Enterprise Zones 315

Hope VI, Urban Regeneration, and the Third Way 321

Conclusion 325

Conclusion: The Legacy of Transatlantic Neoliberalism: Faith-Based Policy 329

Parallelisms: The Place of Transatlantic Neoliberal Politics in History 333

The Apotheosis of Neoliberalism? 338

Reason-Based Policymaking 343.

Notes:

Includes bibliographical references and index.

ISBN:

9780691151571

0691151571

OCLC:

774147873