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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 12: Neoliberal theory assessed: the core ideas revisited

Ray Kiely


This chapter brings together the key arguments of neoliberal thought and presents a more thorough and detailed critique of these ideas. It examines and critiques the core themes identified in Chapter 5. The first section provides a critique of neoliberal conceptions of the individual and freedom. The second provides a critique of neoliberal conceptions of how and why state power and intervention should be ‘limited’ and the neoliberal understanding of the rule of law. The third re-examines and critiques the neoliberal approach to the concentration of power in modern societies. The fourth questions neoliberal critiques of Keynesianism and inflation. The conclusion summarises and further examines some of the internal tensions within neoliberal thought.

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