Masters of the Universe: Hayek, Friedman, and the Birth of Neoliberal Politics

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How did North american and English policymakers become so enamored with free marketplaces, deregulation, and limited authorities? This publication - the first extensive transatlantic history of the climb of neoliberal politics - reveals a surprising answer. Based on archival research and interviews with leading individuals in the activity, Masters of the Universe traces the ascendancy of neoliberalism from the academy of interwar European countries to supremacy under Reagan and Thatcher and in the years since. Daniel Stedman Jones argues that there is nothing unavoidable about the triumph of free-market politics. Definately not being the story of the easy triumph of right-wing ideas, the neoliberal discovery was contingent on the economical crises of the 1970s and the acceptance of the need for new regulations by the political left. Masters of the Universe describes neoliberalism's highway to power, from interwar European countries but moving its centre of gravity after 1945 to the United States, especially to Chicago and Virginia, where it received a simple quality that originated into an uncompromising political message. Neoliberalism was communicated through a transatlantic network of think tanks, entrepreneurs, politicians, and journalists that happened mutually by Friedrich Hayek and Milton Friedman. After the collapse of Bretton Woods in 1971, and the "stagflation" that adopted, their ideas finally started out to take carry as Keynesianism appeared to self-destruct. Later, after the elections of Reagan and Thatcher, a guileless faith in free marketplaces came to dominate politics. Fascinating, important, and timely, this is a publication for anyone who would like to understand the history behind the Anglo-American romance with the free market, as well as the origins of the current economic crisis.


Category: Conservatism & Liberalism

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Publisher

Audible Studios

Language

English

ISBN

DATE

2012-12

Author

Daniel Stedman Jones

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