At the onset of the Great Recession, as house prices sank and joblessness soared, many commentators concluded that the economic convictions behind the disaster would now be consigned to history. Yet in the harsh light of a new day, attacks against government intervention and the global drive for austerity are as strong as ever. Never Let a Serious Crisis Go to Waste is the definitive account of the wreckage of what passes for economic thought, and how neoliberal ideas were used to solve the very crisis they had created. Now updated with a new afterword, Philip Mirowski’s sharp and witty work provides a roadmap for those looking to escape today’s misguided economic dogma.
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About the Author
Philip Mirowski is a historian and philosopher of economic thought at the University of Notre Dame, Indiana. His many previous books include Machine Dreams and More Heat than Light, and he appeared in Adam Curtis’s BBC documentary The Trap.
Table of Contents
List of Tables ix
List of Figures xi
1 One More Red Nightmare: The Crisis That Didn't Change Much of Anything 1
2 Shock Block Doctrine: Neoliberalism as Thought Collective and Political Program 27
3 Everyday Neoliberalism 89
4 Mumbo Jumble: The Underwhelming Response of the Economics Profession to the Crisis 157
5 The Shock of the New: Have Neoclassical Economists Learned Anything at all from the Crisis? 239
6 The Red Guide to the Neoliberal Playbook 325