could possibly have moved over a half-century from embracing a state-centered New Deal to relentlessly unraveling it will be greatly enlightened by Gerstle's beautifully written, engrossing, and powerful telling of the rise of the neoliberal order. "Gary Gerstle's book, already considered a classic, accurately dissects this economic era that opened in the 1980s." - Frederic Mas, Atlantico "Gary Gerstle.masterfully blends compelling analysis with a propulsive narrative." - Daniel Geary, Irish Times "A brilliant study of neoliberalism.A heady, enthralling mural of big ideas and revelatory anecdotes, reminiscent of Thomas Piketty's A Brief History of Inequality." - Hamilton Cain, Oprah Daily "Gerstle offers a rich and sophisticated discussion of neoliberalism.an important and beautifully written book." -, Washington Post "It's rare that one can use the term "instant classic" in a book review, but Gary Gerstle's latest economic history, The Rise and Fall of the Neoliberal Order, warrants the praise." - Rana Foroohar, Financial Times ".important and beautifully written." - The Washington Post "His American focus might also finally allow British readers to escape their factional trenches and appreciate the shape of neoliberalism. He is also the first to chart the story of the neoliberal order's fall, originating in the failed reconstruction of Iraq and Great Recession of the Bush years and culminating in the rise of Trump and a reinvigorated Bernie Sanders-led American left in the 2010s.Īn indispensable and sweeping re-interpretation of the last fifty years, this book illuminates how the ideology of neoliberalism became so infused in the daily life of an era, while probing what remains of that ideology and its political programs as America enters an uncertain future. Along with tracing how this worldview emerged in America and grew to dominate the world, Gerstle explores the previously unrecognized extent to which its triumph was facilitated by the collapse of the Soviet Union and its communist allies. As he shows, the neoliberal order that emerged in America in the 1970s fused ideas of deregulation with personal freedoms, open borders with cosmopolitanism, and globalization with the promise of increased prosperity for all.
Yet as the eminent historian Gary Gerstle argues in The Rise and Fall of the Neoliberal Order, these indictments fail to reckon with the full contours of what neoliberalism was and why its worldview had such persuasive hold on both the right and the left for three decades. To be sure, neoliberalism has contributed to a number of alarming trends, not least of which has been a massive growth in income inequality.
Today, the word "neoliberal" is often used to condemn a broad swath of policies, from prizing free market principles over people to advancing privatization programs in developing nations around the world.
The epochal shift toward neoliberalism-a web of related policies that, broadly speaking, reduced the footprint of government in society and reassigned economic power to private market forces-that began in the United States and Great Britain in the late 1970s fundamentally changed the world. The most sweeping account of how neoliberalism came to dominate American politics for nearly a half century before crashing against the forces of Trumpism on the right and a new progressivism on the left. Oxford Research Encyclopedias: Global Public Health.