The Rise and Fall of the Neoliberal Order
Summary:
The book examines the historical development and global impact of neoliberalism from the mid-20th century, detailing its ascendancy in economic and political thought, and its implementation in policies that reshaped markets, governance, and international relations. It also explores the challenges and crises that led to the ideology's decline, reflecting on its lasting influence and the search for alternative models.
Key points:
1. Neoliberal Order Origins: Gerstle explains how the late 20th-century neoliberal order began as a reaction to the failing Keynesian welfare state and 1970s economic troubles. It emphasized free markets, deregulation, and less government in the economy, promoted by leaders like Reagan and Thatcher.
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