Scott Sumner on The Neoliberal Revolution

688d427899cd6e0219255c109dd2473f7e53 Scott Sumner on The Neoliberal Revolution

Beginning in the late 1970s, there was a backlash
against excessive government intervention in the economy, writes
Scott Sumner. This neoliberal revolution involved privatization,
deregulation, and cuts in marginal tax rates, but it left most
social insurance programs in place.Daniel Stedman Jones, an independent historian (and barrister)
in London, has written a balanced and informative study of
neoliberal thinkers such as F.A. Hayek and Milton Friedman,
exploring their impact on policy making, particularly during
Margaret Thatcher’s administration in the United Kingdom and Ronald
Reagan’s in the United States. View this article.

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Scott Sumner on The Neoliberal Revolution

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