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"For over three decades neoliberalism has remained the dominant economic ideology. Whilst it may have emerged relatively unscathed from the global financial crisis in 2008, neoliberalism is now - more than ever - the focus of intense scrutiny and debate from critics who argue that it has failed to live up to its many promises delivering instead an increasingly unequal and unhappy world. This book offers a nuanced and probing analysis of the meaning and practical application of neoliberalism in the contemporary world. It guides readers through the current debates around the definition and character of neoliberalism, separating myth from reality and outlining competing approaches to this pervasive doctrine. Drawing on examples such as the growth of finance, the role of corporate power and the rise of workfare and inequality, the book advances a balanced but distinctive perspective on neoliberalism as involving the interaction of political economic ideas, processes of material economic change and a series of political transformations. It also considers the resilience of neoliberalism in the current climate of political disenchantment and economic austerity and explores what some proclaim as the impending death of neoliberalism and what can be done about it. Clearly and accessibly written, this book will be a valuable resource for students and scholars across the social sciences"--

The economic "Great Recession" of 2008/09 has seen skyrocketing unemployment, a lowering of the standard of living, & a near-collapse of the financial industry. This recession was brought about by unrestrained capitalism, and, according to the author, could spell the end of the neoliberal economic model, which has been dominant in global economics since the presidency of Ronald Reagan. In order to cripple the market-fundamentalist right wing in American politics, the left will have to come up with an economic model that is dynamic & sensitive to the market, all the while balancing the needs between labor & business. As the Great Depression of the 1930s showed, & the current recession is showing, market fundamentalism is unstable, & is incompatible with equality or social peace. Adapted from the source document.