Neoliberalism · Economics

Neoliberalism

Ideology as ‘science:’ economics

See also:

• America’s 20 Percent Unemployment Rate
• A record 3.3 million Americans filed for unemployment benefits as the coronavirus slams economy

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Paul Krugman, “How Did Economists Get It So Wrong?” New York Times, September 2, 2009, https://www.nytimes.com/2009/09/06/magazine/06Economic-t.html

Richard Alford, “Why Economists Have No Shame – Undue Confidence, False Precision, Risk and Monetary Policy,” Naked Capitalism, July 19, 2012, https://www.nakedcapitalism.com/2012/07/richard-alford-why-economists-have-no-shame-undue-confidence-false-precision-risk-and-monetary-policy.html

Jennifer Schuessler, “In History Departments, It’s Up With Capitalism,” New York Times, April 6, 2013, https://www.nytimes.com/2013/04/07/education/in-history-departments-its-up-with-capitalism.html

Paul Krugman, “The Excel Depression,” New York Times, April 18, 2013, https://www.nytimes.com/2013/04/19/opinion/krugman-the-excel-depression.html

Lynn Stuart Parramore, “Meet the 28-year-old Student Who Exposed Two Harvard Professors Whose Shoddy Research Drove Global Austerity,” Alternet, April 18, 2013, https://www.alternet.org/2013/04/meet-28-year-old-student-who-exposed-two-harvard-professors-whose-shoddy-research-drove/

Robert Kuttner, “Austerity never works: Deficit hawks are amoral — and wrong,” Salon, May 5, 2013, https://www.salon.com/2013/05/05/austerity_never_works_deficit_hawks_are_amoral_and_wrong/

David Stuckler and Sanjay Basu, “Paul Krugman’s right: Austerity kills,” Salon, May 19, 2013, http://www.salon.com/2013/05/19/paul_krugmans_right_austerity_kills/

John Quiggin, “Austerity Has Been Tested, and It Failed,” Chronicle of Higher Education, May 20, 2013, https://www.chronicle.com/article/austerity-has-been-tested-and-it-failed/

David Stuckler and Sanjay Basu, “How Austerity Kills,” New York Times, May 12, 2013, http://www.nytimes.com/2013/05/13/opinion/how-austerity-kills.html

Hites Ahir and Prakash Loungani, “‘There will be growth in the spring’: How well do economists predict turning points?” VoxEU, April 14, 2014, https://voxeu.org/article/predicting-economic-turning-points

Ha-Joon Chang and Jonathan Aldred, “After the crash, we need a revolution in the way we teach economics,” Guardian, May 10, 2014, https://www.theguardian.com/business/2014/may/11/after-crash-need-revolution-in-economics-teaching-chang-aldred

Barry Eichengreen, “Economists, Remove Your Blinders,” Chronicle of Higher Education, January 12, 2015, https://www.chronicle.com/article/economists-remove-your-blinders/

Mark Thoma, “Restoring the Public’s Trust in Economists,” Fiscal Times, May 19, 2015, https://www.thefiscaltimes.com/Columns/2015/05/19/Restoring-Public-s-Trust-Economists

Robert B. Reich, “Economics Is Too Important to Be Left to Economists,” Chronicle of Higher Education, September 23, 2015, https://www.chronicle.com/article/economics-is-too-important-to-be-left-to-economists/

Amir Fleischmann, “The Myth of the Fiscal Conservative,” Jacobin, March 5, 2017, https://jacobinmag.com/2017/03/fiscal-conservative-social-services-austerity-save-money

Daniel Zamora, “How Neoliberalism Reinvented Democracy,” Jacobin, April 6, 2019, https://jacobin.com/2019/04/neoliberalism-democracy-consumer-sovereignty

Robert J. Samuelson, “It’s time we tear up our economics textbooks and start over,” Washington Post, June 23, 2019, https://www.washingtonpost.com/opinions/its-time-we-tear-up-our-economics-textbooks-and-start-over/2019/06/23/54794ab8-9432-11e9-b570-6416efdc0803_story.html

Thomas Piketty, Jeffrey Sachs, Heiner Flassbeck, Dani Rodrik and Simon Wren-Lewis, “Austerity Has Failed: An Open Letter From Thomas Piketty to Angela Merkel,” Nation, July 6, 2015, http://www.thenation.com/article/austerity-has-failed-an-open-letter-from-thomas-piketty-to-angela-merkel/

David Harrison, “For Decoding Labor Market, Unemployment Rate May Not Do the Job,” Wall Street Journal, July 14, 2019, https://www.wsj.com/articles/for-decoding-labor-market-unemployment-rate-may-not-do-the-job-11563112800

Andrew Simms, “Economics is a failing discipline doing great harm – so let’s rethink it,” Guardian, August 3, 2019, https://www.theguardian.com/commentisfree/2019/aug/03/economics-global-economy-climate-crisis

Jason Hickel, “Progress and its discontents,” New Internationalist, August 7, 2019, https://newint.org/features/2019/07/01/long-read-progress-and-its-discontents

Aaron Blake, “Maybe it’s time for Larry Kudlow to stop making predictions,” Washington Post, August 19, 2019, https://www.washingtonpost.com/politics/2019/08/19/maybe-its-time-larry-kudlow-stop-making-predictions/

Amelia Thomson-DeVeaux, “Economists Are Bad At Predicting Recessions,” FiveThirtyEight, August 21, 2019, https://fivethirtyeight.com/features/economists-are-bad-at-predicting-recessions/

Binyamin Appelbaum, “Blame Economists for the Mess We’re In,” New York Times, August 24, 2019, https://www.nytimes.com/2019/08/24/opinion/sunday/economics-milton-friedman.html

Heather Long, “The world’s top economists just made the case for why we still need English majors,” Washington Post, October 19, 2019, https://www.washingtonpost.com/business/2019/10/19/worlds-top-economists-just-made-case-why-we-still-need-english-majors/

Richard Denniss, “If economics is a science, why isn’t it being more helpful?” Guardian, October 29, 2019, https://www.theguardian.com/commentisfree/2019/oct/30/if-economics-is-a-science-why-isnt-it-being-more-helpful

Michelle Nijhuis, “The miracle of the commons,” Aeon, May 4, 2021, https://aeon.co/essays/the-tragedy-of-the-commons-is-a-false-and-dangerous-myth

Diane Coyle, “What Critics of Economics Get Wrong,” Chronicle of Higher Education, October 5, 2021, https://www.chronicle.com/article/what-critics-of-economics-get-wrong

Nick Romeo, “Is It Time for a New Economics Curriculum?” New Yorker, October 8, 2021, https://www.newyorker.com/culture/annals-of-inquiry/is-it-time-for-a-new-economics-curriculum

George Monbiot, “Fire Front,” October 11, 2021, https://www.monbiot.com/2021/10/11/fire-front/

Paul Krugman, “Doing Economics as if Evidence Matters,” New York Times, October 11, 2021, https://www.nytimes.com/2021/10/11/opinion/nobel-prize-economics.html

Eric Levitz, “Neoliberalism Died of COVID. Long Live Neoliberalism!” Review of Shutdown, by Adam Tooze, New York, October 14, 2021, https://nymag.com/intelligencer/2021/10/neoliberalism-died-of-covid-long-live-neoliberalism.html

Robert D. Atkinson, “Urban myths about economics have taken root — and the cost is high,” Washington Post, October 18, 2021, https://www.washingtonpost.com/opinions/2021/10/18/urban-myths-about-economics-have-taken-root-cost-is-high/

James Meadway, “The present crisis calls for a new economic paradigm,” New Statesman, June 8, 2022, https://www.newstatesman.com/economy/2022/06/cost-of-living-crisis-new-economic-paradigm

The media calls it #inflation.

But if corporate profits are still sky-high, and only working people are feeling the pinch, it's not inflation. It's price-gouging. https://t.co/zaibSRSd6p

— John Fugelsang (@JohnFugelsang) June 10, 2022

John Fugelsang, “The media calls it #inflation. . . .” Twitter, June 10, 2022, https://twitter.com/JohnFugelsang/status/1535265258046214144

Jan-Werner Müller, “Out with the old: is neoliberalism really dying?” review of The Rise and Fall of the Neoliberal Order: America and the World in the Free Market Era, by Gary Gerstle, New Statesman, June 17, 2022, https://www.newstatesman.com/ideas/2022/06/is-neoliberalism-really-dying

Robert Kuttner, “Our Bewildering Economy,” American Prospect, August 8, 2022, https://prospect.org/economy/our-bewildering-economy/

Rogé Karma, “The 1970s Economic Theory That Needs to Die,” Atlantic, October 20, 2023, https://www.theatlantic.com/ideas/archive/2023/10/america-recession-disinflation-fed/675700/

Patrick Iber, “The End of Milton Friedman’s Reign,” review of Milton Friedman: The Last Conservative by Jennifer Burns, New Republic, November 13, 2023, https://newrepublic.com/article/175932/milton-friedman-chicagonomics-end-reign