Neoliberalism: A Very Short Introduction: 2nd Edition

Anchored in the principles of free-market economics, neoliberalism emerged in the 1990s as the world's most dominant economic paradigm. However, the 2008 global financial crisis and the related European sovereign debt crisis triggered a decade of economic volatility and insecurity that boosted the fortunes of the one percent while saddling the ninety-nine percent with stagnant wages and precarious work. As a result of this Great Recession, neoliberalism fortunes have waned considerably. Thi...