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The Neoliberal Paradox

Ray Kiely

This ambitious work provides a history and critique of neoliberalism, both as a body of ideas and as a political practice. It is an original and compelling contribution to the neoliberalism debate.
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Chapter 6: Neoliberalism in practice I: the 1980s

Ray Kiely


This chapter mainly covers the decade of the 1980s, through three case studies: first, the United States, chiefly in the Reagan era; second, the United Kingdom, mainly in the Thatcher era; and third, neoliberalism in the developing world after the 1982 debt crisis. The final section provides a wider analysis of ‘neoliberalism in power’ in the 1980s, examining the relationship between neoliberal theory and practice, and thus the extent to which the cases can be considered examples of neoliberal practice. In particular, it further explores tensions that go to the heart of neoliberal theory and practice, as outlined in the previous chapters.

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