Archive for April, 2022

Neoliberalism and the Road to Inequality and Stagnation: A Chronicle Foretold

Friday, April 29th, 2022

My latest book has recently been published by Edward Elgar.

The book explores the impact of neoliberal policies on the US, Europe, and the global economy. It shows how the 2008 financial crisis and Great Recession were predictable outcomes of the neoliberal policy experiment, as is the emergence of global “race to the bottom” competition. It also explains how Europe’s economic fragility is connected to the neoliberal design of the euro. Neoliberalism creates a particular variety of capitalism and is a political choice. That means society is tacitly engaged in a “war of ideas”, the outcome of which will influence our future political economic trajectory.

The book is available HERE. The cheapest option is the e-book purchased via Googleplay (price = $13.11).

More on the critique of New Developmentalism

Monday, April 11th, 2022

Oreiro and de Paula’s (2022) reply to my article (Palley, 2021) further convinces me that New Developmentalism (ND) substantially misconstrues the development challenge and ND’s policy recommendations lean in a Neoliberal direction. The critique of ND is not its emphasis of the importance of manufacturing. It is the regressive inclination, the narrowness of policy recommendations, neglect of the transformation dimension of development, and neglect of the implications of the shift to a post-industrial era.

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