Abstract
Neoliberalism has become a common, if contested, frame of reference for International Political Economy (IPE) to understand the governance of the global economy. In examining such complex terrain, this chapter begins by offering four prominent starting points for the analysis of neoliberalism: (1) as a history of intellectual ideas; (2) as a system of enhanced capitalist power; (3) as a cultural examination of everyday conduct; and (4) as a more generic, post-Marxist expression to denote the current zeitgeist. The discussion proceeds to dissect neoliberalism via three major ‘acts’: (1) from the late 1970s to the early 1990s; (2) from the mid-1990s to the mid-2000s; and (3) from the late 2000s to the present. Significant contributions from IPE are discussed in relation to the wider empirical context.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Similar content being viewed by others
References
Bauer, P. 1981. Equality, the Third World, and Economic Delusion. Cambridge, MA: Harvard University Press.
Bedford, K., and S. Rai. 2010. Feminists Theorise International Political Economy: The State of the Field. Signs 36 (1): 1–18.
Boas, T.C., and J. Gans-Morse. 2009. Neoliberalism: From New Liberal Philosophy to Anti-Liberal Slogan. Studies in Comparative International Development 44 (2): 137–161.
Boltanski, L., and E. Chiapello. 2007. The New Spirit of Capitalism. London: Verso.
Bonefeld, W. 2017. The Strong State and the Free Economy. London: Rowman & Littlefield International.
Bourdieu, P. 2003. Firing Back: Against the Tyranny of the Market 2. London: Verso.
Brenner, N., J. Peck, and N. Theodore. 2010. Variegated Neoliberalization: Geographies, Modalities, Pathways. Global Networks 10 (2): 182–222.
Cerny, P.G. 1997. Paradoxes of the Competition State: The Dynamics of Political Globalization. Government and Opposition 32 (2): 251–274.
———. 2008. Embedding Neoliberalism: The Evolution of a Hegemonic Paradigm. The Journal of International Trade and Diplomacy 2 (1): 1–46.
———. 2016. In the Shadow of Ordoliberalism: The Paradox of Neoliberalism in the 21st Century. European Review of International Studies 3 (1): 78–92.
Chodor, T. 2015. Neoliberal Hegemony and the Pink Tide in Latin America: Breaking up with TINA? Houndmills: Palgrave Macmillan.
Chomsky, N. 1998. Profit over people: Neoliberalism and the Global Order. New York: Seven Stories Press.
Chwieroth, J.M. 2010. Capital Ideas: The IMF and the Rise of Financial Liberalization. Princeton University Press: Princeton.
Clarke, J. 2008. Living with/in and without Neo-Liberalism. Focaal – European Journal of Anthropology 51: 135–147.
Cox, R.W. 1987. Production, Power, and World Order: Social Forces in the Making of World History. Columbia: Columbia University Press.
Dardot, P., and C. Laval. 2013. The New Way of the World: On Neoliberal Society. London: Verso.
Dean, M. 2010. Governmentality: Power and Rule in Modern Society. London: Sage.
Duménil, G., and D. Lévy. 2011. The Crisis of Neoliberalism. Cambridge, MA: Harvard University Press.
Eagleton-Pierce, M. 2013. Symbolic Power in the World Trade Organization. Oxford: Oxford University Press.
———. 2016. Neoliberalism: The Key Concepts. Abingdon: Routledge.
Elias, J. 2013. Davos Woman to the Rescue of Global Capitalism: Postfeminist Politics and Competitiveness Promotion at the World Economic Forum. International Political Sociology 7 (2): 152–169.
Erlanger, S. 2008. Sarkozy Stresses Global Financial Overhaul. New York Times, September 25, 2008.
Fine, B., and A. Saad-Filho. 2017. Thirteen Things you Need to Know about Neoliberalism. Critical Sociology 43: 4–5 685–706.
Foucault, M. 1980. Power/Knowledge: Selected Interviews and Other Writings 1972–1977. London: Harvester Press.
———. 2008. The Birth of Biopolitics: Lectures at the College de France, 1978–1979. Houndmills: Palgrave Macmillan.
Fraser, N. 2009. Feminism, Capitalism and the Cunning of History. New Left Review 56: 97–117.
Gallagher, K.P. 2008. Understanding Develo** Country Resistance to the Doha Round. Review of International Political Economy 15 (1): 62–85.
Gamble, A. 1979. The Free Economy and the Strong State. The Socialist Register 16: 1–25.
———. 1994. The Free Economy and the Strong State: The Politics of Thatcherism. Houndmills: Palgrave.
Gill, S. 1994. Knowledge, Politics, and Neo-Liberal Political Economy. In Political Economy and the Changing Global Order, ed. Richard Stubbs and Geoffrey R.D. Underhill. New York: St Martin’s Press.
———. 1995. Globalisation, Market Civilisation, and Disciplinary Neoliberalism. Millennium: Journal of International Studies 24 (3): 399–423.
———. 1998. New Constitutionalism, Democratisation and Global Political Economy. Pacifica Review: Peace, Security & Global Change 10 (1): 23–38.
Gill, S., and D. Law. 1989. Global Hegemony and the Structural Power of Capital. International Studies Quarterly 36 (4): 475–499.
Griffin, P. 2009. Gendering the World Bank: Neoliberalism and the Gendered Foundations of Global Governance. Houndmills: Palgrave Macmillan.
Harrison, G. 2004. The World Bank and Africa: The Construction of Governance States. London: Routledge.
Harvey, D. 2005. A Brief History of Neoliberalism. Oxford: Oxford University Press.
Helleiner, E. 2014. The Status Quo Crisis: Global Financial Governance After the 2008 Meltdown. Oxford: Oxford University Press.
Hobson, J.M., and L. Seabrooke, eds. 2007. Everyday Politics of the World Economy. Cambridge: Cambridge University Press.
Hoekman, B.M., and M.M. Kostecki. 2009. The Political Economy of the World Trading System: The WTO and Beyond. Oxford: Oxford University Press.
Hopewell, K. 2016. Breaking the WTO: How Emerging Powers Disrupted the Neoliberal Project. Stanford: Stanford University Press.
Jackson, B. 2010. At the Origins of Neo-liberalism: The Free Economy and the Strong State, 1930–1947. The Historical Journal 53 (1): 129–151.
Jessop, B. 2002. The Future of the Capitalist State. Cambridge: Polity Press.
Jones, S.D. 2012. Masters of the Universe: Hayek, Friedman, and the Birth of Neoliberal Politics. Princeton University Press: Princeton.
Konings, M. 2009. Rethinking Neoliberalism and the Subprime Crisis: Beyond the Re-Regulation Agenda. Competition and Change 13 (2): 108–127.
Krippner, G. 2011. Capitalizing on Crisis: The Political Origins of the Rise of Finance. Cambridge, MA: Harvard University Press.
Krueger, A.O. 1990. Government Failures in Development. Journal of Economic Perspectives 4 (3): 9–23.
Krugman, P. 1995a. Peddling Prosperity: Economic Sense and Nonsense in an Age of Diminished Expectations. New York: W. W. Norton & Company.
———. 1995b. Dutch Tulips and Emerging Markets: Another Bubble Bursts. Foreign Affairs, July–August 1995, 28–44.
Lal, D. 1983. The Poverty of ‘Development Economics’. London: Institute of Economic Affairs.
Langley, P. 2008. The Everyday Life of Global Finance: Saving and Borrowing in Anglo-America. Oxford: Oxford University Press.
Lippmann, W. 2009 [1937]. The Good Society. New Brunswick: Transaction Publishers.
Macartney, H. 2011. Variegated Neoliberalism: Convergent Divergence in EU Varieties of Capitalism. Abingdon: Routledge.
Major, A. 2012. Neoliberalism and the New International Financial Architecture. Review of International Political Economy 19 (4): 536–561.
Megginson, W.L. 2018. Privatization, State Capitalism, and State Ownership of Business in the 21st Century. Hanover: Now Publishers Inc.
Megginson, W.L., and J.M. Netter. 2001. From State to Market: A Survey of Empirical Studies on Privatization. Journal of Economic Literature 39 (2): 321–389.
Mirowski, P., and D. Plehwe, eds. 2009. The Road from Mont Pèlerin: The Making of the Neoliberal Thought Collective. Cambridge, MA: Harvard University Press.
Morton, A.D. 2011. Revolution and State in Modern Mexico: The Political Economy of Uneven Development. London: Rowman & Littlefield.
Overbeek, H., and B. van Apeldoorn, eds. 2012. Neoliberalism in Crisis. Houndmills: Palgrave Macmillan.
Panitch, L., and M. Konings, eds. 2008. American Empire and the Political Economy of Global Finance. Houndmills: Palgrave Macmillan.
Parker, D. 2009. The Official History of Privatisation: Volume I: The Formative Years 1970–1987. Abingdon: Routledge.
Peck, J. 2010. Constructions of Neoliberal Reason. Oxford: Oxford University Press.
Peck, J., and A. Tickell. 2002. Neoliberalizing Space. Antipode 34 (3): 380–404.
Peck, J., N. Theodore, and N. Brenner. 2012. Neoliberalism Resurgent? Market Rule After the Great Recession. The South Atlantic Quarterly 111 (2): 265–288.
Prügl, E. 2017. Neoliberalism with a Feminist Face: Crafting a New Hegemony at the World Bank. Feminist Economics 23 (1): 30–53.
Roberts, A. 2015. The Political Economy of “Transnational Business Feminism”. International Feminist Journal of Politics 17 (2): 209–231.
Rodrik, D. 2007. One Economics, Many Recipes: Globalization, Institutions, and Economic Growth. Princeton University Press: Princeton.
Rupert, M.E. 1990. Producing Hegemony: State/Society Relations and the Politics of Productivity in the United States. International Studies Quarterly 34 (4): 427–456.
———. 1995. Producing Hegemony: The Politics of Mass Production and American Global Power. Cambridge: Cambridge University Press.
Saad-Filho, A., and D. Johnston, eds. 2004. Neoliberalism: A Critical Reader. Cambridge: Polity Press.
Sen, A. 1999. Development as Freedom. Oxford: Oxford University Press.
Serra, N., and J.E. Stiglitz, eds. 2008. The Washington Consensus Reconsidered: Towards a New Global Governance. Oxford: Oxford University Press.
Shields, S. 2012. The International Political Economy of Transition: Neoliberal Hegemony and Eastern Central Europe. Abingdon: Routledge.
Soederberg, S. 2004. The Politics of the New International Financial Architecture: Reimposing Neoliberal Domination in the Global South. London: Zed Books.
Stiglitz, J.E. 2008. The End of Neo-Liberalism? Project Syndicate, July 7.
Strange, S. 1988. States and Markets: An Introduction to International Political Economy. London: Pinter.
———. 1996. The Retreat of the State: The Diffusion of Power in the World Economy. Cambridge: Cambridge University Press.
Theorell-White, B. 2007. The International Financial Architecture and the Limits to Neoliberal Hegemony. New Political Economy 12 (1): 19–41.
Toye, J. 1987. Dilemmas of Development: Reflections on the Counter-Revolution in Development Theory and Policy. Oxford: Blackwell.
Van Der Pijl, K., and Y. Yurchenko. 2015. Neoliberal Entrenchment of North Atlantic Capital: From Corporate Self-Regulation to State Capture. New Political Economy 20 (4): 495–517.
Venugopal, R. 2015. Neoliberalism as Concept. Economy and Society 44 (2): 165–187.
Vogel, S.K. 1998. Freer Markets, More Rules: Regulatory Reform in Advanced Industrial Countries. Ithaca: Cornell University Press.
von Hayek, F.A. 2008 [1944]. The Road to Serfdom. Abingdon: Routledge.
Wacquant, L. 2012. Three Steps to a Historical Anthropology of Actually Existing Neoliberalism. Social Anthropology 20 (1): 66–79.
Wade, R.H. 2003. What Strategies Are Viable for Develo** Countries Today? The World Trade Organization and the Shrinking of “Development Space”. Review of International Political Economy 10 (4): 621–644.
———. 2004. Governing the Market: Economic Theory and the Role of Government in East Asian Industrialization. Princeton University Press: Princeton.
World Trade Organization. 2015. International Trade Statistics 2015. Geneva: World Trade Organization.
Author information
Authors and Affiliations
Editor information
Editors and Affiliations
Copyright information
© 2019 The Author(s)
About this chapter
Cite this chapter
Eagleton-Pierce, M. (2019). Neoliberalism. In: Shaw, T.M., Mahrenbach, L.C., Modi, R., Yi-chong, X. (eds) The Palgrave Handbook of Contemporary International Political Economy. Palgrave Handbooks in IPE. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-137-45443-0_8
Download citation
DOI: https://doi.org/10.1057/978-1-137-45443-0_8
Published:
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-137-45442-3
Online ISBN: 978-1-137-45443-0
eBook Packages: Political Science and International StudiesPolitical Science and International Studies (R0)