The theory assures us that such negotiations occur, although they are difficult to
observe directly. Perhaps further theoretical advances will help us to close this
gap.” This was the very same Larry Summers who a decade before the crisis had
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. And yet, in the harsh light of a new day, we've awoken to a second nightmare more ghastly than the first- a political class still blaming government intervention, a global drive for austerity, stagflation, and an international sovereign debt crisis. Philip Mirowski finds an apt comparison to this situation in classic studies of cognitive dissonance. He concludes that neoliberal thought has become so pervasive that any countervailing evidence serves only to further convince disciples of its ultimate truth. Once neoliberalism became a Theory of Everything, providing a revolutionary account of self, knowledge, information, markets, and government, it could no longer be falsified by anything as trifling as data from the 'real' economy.
Type: BOOK - Published: 2021-04-06 - Publisher: HarperCollins
Two-time New York Times bestselling author Jason Chaffetz is back to blow the lid off the Democrats’ attempts to spend unparalleled trillions and rewrite our election laws while never letting us get back to normal. Why did the left think they could solve the pandemic with burning cities, closed beaches,
Type: BOOK - Published: 2013-07-09 - Publisher: Verso Books
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