Chapter 6: Neoliberalism and the problem of the corporation
This chapter introduces the first contradiction in neoliberalism and critical understandings of it, namely the emphasis on markets as defining feature of neoliberalism versus the importance and role of business and corporations in the economy. In particular, it explores the implications of corporate power to our understandings of neoliberalism as a concept. Several key financial economists sought to theorize this contradiction as a way to legitimate a new form of shareholder governance in which investors are imagined and framed as the most efficient allocators of capital rather than business managers. The chapter thereby highlights the role played by business training and business schools in reproducing and legitimating neoliberal ideas.
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