Originally posted by finnegan" if you believe neoliberal free market ideology"
Similarly, if you believe neoliberal free market ideology you are unable to think rationally or objectively - every problem has its pre-determined solution. You can't be both a pawn of the neoliberal agenda and a clear thinking citizen.
This isn't (neo) liberal, but classical liberal. It stems from enlightenment philosophy.
Originally posted by normbenignNeoliberalism is a label for economic liberalism whose advocates support laissez faire, free trade and open markets, privatization, deregulation, and enhancing the role of the private sector in modern society.[1][2][3]
" if you believe neoliberal free market ideology"
This isn't (neo) liberal, but classical liberal. It stems from enlightenment philosophy.
references:
[1] http://www.who.int/trade/glossary/story067/en/
[2] http://onswipe.investopedia.com/investopedia/#!/entry/,5228e19bda27f5d9d017c405
[3] Collins English Dictionary – Complete and Unabridged © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003
- Wikipedia
Originally posted by JS357That would hardly be neo (new). Its advocates go back to Adam Smith in the 17th century, and others before him.
Neoliberalism is a label for economic liberalism whose advocates support laissez faire, free trade and open markets, privatization, deregulation, and enhancing the role of the private sector in modern society.[1][2][3]
references:
[1] http://www.who.int/trade/glossary/story067/en/
[2] http://onswipe.investopedia.com/investopedia/#!/entry/,5228e19bda27f5d ...[text shortened]... – Complete and Unabridged © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003
- Wikipedia
By the method of defining it as neo??, they lump free market thinking in with certain ideologies that are decidedly not free market. Neither Bernanke, nor Greenspan before him or even Milton Friedman were true advocates of free markets, though at time they gave lip service to them.
Originally posted by normbenignI generally don't argue about definitions it's just to clarify that finn's might differ from yours.
That would hardly be neo (new). Its advocates go back to Adam Smith in the 17th century, and others before him.
By the method of defining it as neo??, they lump free market thinking in with certain ideologies that are decidedly not free market. Neither Bernanke, nor Greenspan before him or even Milton Friedman were true advocates of free markets, though at time they gave lip service to them.
BTW the second reference link looks to be broken but this can be found at the site:
http://www.investopedia.com/terms/n/neoliberalism.asp
quote:
Definition of 'Neoliberalism'
An approach to economics and social studies in which control of economic factors is shifted from the public sector to the private sector. Drawing upon principles of neoclassical economics, neoliberalism suggests that governments reduce deficit spending, limit subsidies, reform tax law to broaden the tax base, remove fixed exchange rates, open up markets to trade by limiting protectionism, privatize state-run businesses, allow private property and back deregulation.
Investopedia Says
Investopedia explains 'Neoliberalism'
The use of the term "liberal" in economics is different from its use in politics. Liberalism in economics refers to "freeing up" the economy by removing barriers and restrictions to what actors can do. Neoliberalism's policies seek to create a laissez-faire atmosphere for economic development.
unquote
Originally posted by JS357Ok, but that still introduces less clarity into the subject. The trouble with discussing economics isn't language, but intentional efforts to disqualify one side of the argument. It is also a tendency to lump together all of one school into adversaries of the other.
I generally don't argue about definitions it's just to clarify that finn's might differ from yours.
BTW the second reference link looks to be broken but this can be found at the site:
http://www.investopedia.com/terms/n/neoliberalism.asp
quote:
Definition of 'Neoliberalism'
An approach to economics and social studies in which control of econom ...[text shortened]... alism's policies seek to create a laissez-faire atmosphere for economic development.
unquote
Many Universities teach Austrian economics alongside Keynesian.
My point was that free market thinking is hardly new, nor has it been refuted.
Originally posted by normbenign
Ok, but that still introduces less clarity into the subject. The trouble with discussing economics isn't language, but intentional efforts to disqualify one side of the argument. It is also a tendency to lump together all of one school into adversaries of the other.
Many Universities teach Austrian economics alongside Keynesian.
My point was that free market thinking is hardly new, nor has it been refuted.
My point was that free market thinking is hardly new, nor has it been refuted.Which way would you like to go on this one? Free Market thinking was put forward without evidence and has persisted without evidence so it is not necessary to refute it. On the other hand, it has been refuted empirically and that evidence is ignored by conservative economists. Start with Steve Keen's book on Debunking Economics before progressing to Capital by Piketty. Then come back to debate with a better foundation.
Originally posted by finneganI would choose rather to rely on Adam Smith, Frederic Bastiate, Ludwig Von Mises, Henry Hazlett, Murry Rothbard, Thomas Sowell and others.My point was that free market thinking is hardly new, nor has it been refuted.Which way would you like to go on this one? Free Market thinking was put forward without evidence and has persisted without evidence so it is not necessary to refute it. On the other hand, it has been refuted empirically and that evidence is ignored by conservative ...[text shortened]... ics before progressing to Capital by Piketty. Then come back to debate with a better foundation.
I don't accept their writings without critical review, and I may at some point read Steve Keen, or Piketty. The best way to test one's beliefs is to read materials that purport to refute them.
Your two given alternatives aren't the only ones.
I'm afraid that my debating will continue without those writings becoming required reading.
Originally posted by normbenignI'm happy. You can take a horse to water ...
I would choose rather to rely on Adam Smith, Frederic Bastiate, Ludwig Von Mises, Henry Hazlett, Murry Rothbard, Thomas Sowell and others.
I don't accept their writings without critical review, and I may at some point read Steve Keen, or Piketty. The best way to test one's beliefs is to read materials that purport to refute them.
Your two given a ...[text shortened]... .
I'm afraid that my debating will continue without those writings becoming required reading.