Published by The Centre for Independent Studies, 21 May 2009 (PDF)
http://www.cis.org.au/publications/occasional-papers/article/938-neoliberalism-the-genesis-of-a-political-swearword
Neoliberalism is one of the most commonly used words in political debates. Despite this, the origins of neoliberalism are hardly known. Nor does there appear to be a generally accepted definition of the term. Some commentators have linked it to ‘extreme capitalism’; others have called neoliberalism ‘greed dressed up as an economic philosophy.’
The original inventors of the word ‘neoliberalism’ had something completely different in mind. Their philosophy was a reaction to the Great Depression of the 1930s. As such it was meant to show a ‘Third Way’ between capitalism and socialism. Today’s critics of neoliberalism have more in common with neoliberalism than they may think.
Dr Oliver Marc Hartwich is a Research Fellow with the Economics Programme at the Centre for Independent Studies. Previously, he was the Chief Economist at the British think tank…
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