March 26th 2008

March 26th 2008 - March 26th 2008 Neoliberalism: 1980s,...

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March 26 th 2008 Neoliberalism: 1980’s, used most commonly in Latin Americans to describe the economic policies forced upon their countries by the US. Liberalism has many different meanings; in the economic sense liberalism refers to the fact that some regulation should be removed, should be open to more capital flows coming in and out (laissez faire- Adam Smith). Adam Smith wanted governments to intervene in breaking up monopolies- in this sense he was against the West India Company. He thought that if merchants got together there would be tendencies towards monopolistic or oligopolistic practices. He wasn’t an advocate of complete deregulation. The Neo-liberalism is a 20 th century updating of Adam Smith’s liberalism. Harvey rearticulates Von Hayek and Milton Friedman’s words of the 1940’s. Usually, you’ll here reference as a shift from Keynesian and monetarism economics. Monetarism: government should intervene in the economy by setting the interest rates. This is the one most effective tool that the government can use to intervene and affect the
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March 26th 2008 - March 26th 2008 Neoliberalism: 1980s,...

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