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2. Inequality in the Twenty-First Century: A Review on Rockstars of the Realm
- Author:
- Martyna Berenika Linartas
- Publication Date:
- 01-2018
- Content Type:
- Working Paper
- Institution:
- Postgraduate Program on Sustainable Development and Social Inequalities in the Andean Region (trAndeS)
- Abstract:
- Not only has been economic inequality on the rise, but also the research agenda on inequality has moved decisively from the fringes to the center of policy and academic interest. This new concern and concentration in respect to this topic, data records, and methodological approaches have given rise to a vast amount of literature. It is for this reason that I review the most important recent works engaging with the origins of economic inequality – a debate which remains highly controversial. The usual categorization to explain the different storytelling – “to be or not to be neoliberal” – seems inappropriate. In this review on “the rockstars of the realm” (Thomas Piketty, Anthony Atkinson, Branko Milanovic and Walter Scheidel), I argue that the question and reason behind different approaches is instead: politics or the economy, which is the master that defines the space for action? The gradually established allegory of “the mirrored hourglass of inequality” illustrates the salience of this cleavage.
- Topic:
- International Political Economy, Political Economy, Capitalism, Inequality, Neoliberalism, and Economic Inequality
- Political Geography:
- Global Focus
3. HOW LIBERAL IS NEOLIBERALISM? RETHINKING THE CONCEPTIONS OF THE WELFARE STATE, LEGISLATIVE ORGANS, SOCIAL JUSTICE, AND COMPETITION IN HAYEK’S THOUGHT
- Author:
- Selma TOKTAŞ
- Publication Date:
- 10-2018
- Content Type:
- Journal Article
- Journal:
- Alternative Politics
- Institution:
- Department of International Relations, Abant Izzet Baysal University, Turkey
- Abstract:
- With the expansion of US-led economic policy following the economic depression of the 1970s and the proliferation of new information and communication technologies, the 1980s became a crucial period signaling dramatic changes all around the world. By the end of these years, the Keynesian economy, which accredited states as active and interventionist players in the economy in order to ensure both growth and equity, began to break down. In this period economic liberalism gained power again and political and economic theories and practices turned towards neoliberalism. As a result, deregulation, privatization and the withdrawal of the state from many areas were accelerated. All these changes were significant and affected the structure of almost everything, including education, culture, life and trends in thought. Friedrich A. von Hayek was one of the pioneers of this transformation. Therefore, this descriptive study attempts to understand the points where neoliberalism combines with liberalism and how it is separated from liberalism through Hayek's views about the welfare state, legislative body, social justice, and competition terms. In other words, this study aims to explore the extent to which Hayek’s neoliberalism is a continuation or a break from liberalism.
- Topic:
- Economic structure, Neoliberalism, Social Justice, Welfare, and Liberalism
- Political Geography:
- United States, North America, and Global Focus