A Brief History of Neoliberalism: David Harvey: 8601404330568: Amazon.com: Books
A Brief History of Neoliberalism
by David Harvey (Author)
4.4 out of 5 stars 71 customer reviews
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Editorial Reviews
Review
"The most accessible and succinct overview of neoliberalism as an ideology and economic practice yet written. It lays out the origins of the idea, the devastating impact it has had on labor in both the advanced and developing world, and how it deepened crisis tendencies within the system...Harvey has done the left a great service in laying out a clear, concise, and provocative history of neoliberalism, one that can help educate a new generation of radicals and revolutionaries."--International Socialist Review
"Harvey's book is deeply insightful, rewarding and stimulating. His history of neoliberalism may indeed be brief, but the richness and profundity of this volume is without question."--Michael J. Thompson, democratiya
"Presents a concise but extremely well-documented economic history of the last three decades, encompassing not only the usual G-7 countries but the entire world, with a particular emphasis on the US and capitalist China."-- Brian Holmes, Interactivist Info Exchange
"David Harvey has done it again. He has provided us with the most lively, readable, comprehensive, and critical guide to what might be called 'the condition of neoliberalism', uncovering its origins, tracing its spread around the globe, and exposing its devastating effects on the vast majority of people everywhere."--Leo Panitch, Canada Research Chair in Comparative Political Economy, York University, Toronto
"With characteristic brilliance, David Harvey offers a razor-sharp analysis of the history and current condition of neoliberalism. In an intellectually extraordinary tour de force, he dissects the contradictions between the freedoms offered by neoliberalism and the liberties desired by the people. This book convincingly demonstrates how neoliberalism restores class power, flirts openly with authoritarianism, and undermines democratic impulses. With democracy under siege, freedom's prospect resides squarely in the struggle for new political governance. A must read if you want to know the state we are in and how to change it."--Erik Swyngedouw, Professor of Geography, University of Oxford
"This book compellingly challenges arguments praising the supposed advantages of neoliberalism. This is particularly important when the claim that there is no alternative to neoliberal restructing has been largely accepted... Harvey 's assessment of the shortcomings of neoliberalism and the practices used to distract attention from these shortcomings is indispensable to discussions of neoliberal policies."--Aaron Peron Ogletree, J.D. The Journal of Buddhist Ethics and The Electronic Journal of Sociology
"Leave it to David Harvey to brilliantly summarize in little more than 200 pages what has taken more than thirty years to emerge as a political-economic form of governance."--The Professional Geographer
"The many strengths of A Brief History of Neoliberalism cannot be adequately conveyed in this short space, but include powerful analyses of the devastating impact of neo-liberalism on the environment and labouring conditions (especially for women), a nuanced perspective on the external and internal forces compelling states to turn towards neo-liberalism, and the ways in which Marx's concept of "primitive accumulation" is highly pertinent to the neo-liberal era of capitalism."--Labour/Le Travail
"If you want to sharpen your thinking and understanding of these questions then I strongly recommend David Harvey's new book. Even if you disagree with parts of this readable Brief History, your assumptions and analysis will be well tested, and your arguments improved."--Open Democracy
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About the Author
David Harvey is Distinguished Professor of Anthropology at the Graduate Center of the City University of New York. He formerly held professorial posts at Oxford University and The Johns Hopkins University, and has written extensively on the political economy of globalization, urbanization, and cultural change. Oxford University Press published his book 'The New Imperialism' in September 2003 (reissued in paperback February 2005).
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Product details
Paperback: 247 pages
Publisher: Oxford University Press (January 18, 2007)
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Customer Reviews
4.4 out of 5 stars
Izaak VanGaalen
5.0 out of 5 stars
Review
"The most accessible and succinct overview of neoliberalism as an ideology and economic practice yet written. It lays out the origins of the idea, the devastating impact it has had on labor in both the advanced and developing world, and how it deepened crisis tendencies within the system...Harvey has done the left a great service in laying out a clear, concise, and provocative history of neoliberalism, one that can help educate a new generation of radicals and revolutionaries."--International Socialist Review
"Harvey's book is deeply insightful, rewarding and stimulating. His history of neoliberalism may indeed be brief, but the richness and profundity of this volume is without question."--Michael J. Thompson, democratiya
"Presents a concise but extremely well-documented economic history of the last three decades, encompassing not only the usual G-7 countries but the entire world, with a particular emphasis on the US and capitalist China."-- Brian Holmes, Interactivist Info Exchange
"David Harvey has done it again. He has provided us with the most lively, readable, comprehensive, and critical guide to what might be called 'the condition of neoliberalism', uncovering its origins, tracing its spread around the globe, and exposing its devastating effects on the vast majority of people everywhere."--Leo Panitch, Canada Research Chair in Comparative Political Economy, York University, Toronto
"With characteristic brilliance, David Harvey offers a razor-sharp analysis of the history and current condition of neoliberalism. In an intellectually extraordinary tour de force, he dissects the contradictions between the freedoms offered by neoliberalism and the liberties desired by the people. This book convincingly demonstrates how neoliberalism restores class power, flirts openly with authoritarianism, and undermines democratic impulses. With democracy under siege, freedom's prospect resides squarely in the struggle for new political governance. A must read if you want to know the state we are in and how to change it."--Erik Swyngedouw, Professor of Geography, University of Oxford
"This book compellingly challenges arguments praising the supposed advantages of neoliberalism. This is particularly important when the claim that there is no alternative to neoliberal restructing has been largely accepted... Harvey 's assessment of the shortcomings of neoliberalism and the practices used to distract attention from these shortcomings is indispensable to discussions of neoliberal policies."--Aaron Peron Ogletree, J.D. The Journal of Buddhist Ethics and The Electronic Journal of Sociology
"Leave it to David Harvey to brilliantly summarize in little more than 200 pages what has taken more than thirty years to emerge as a political-economic form of governance."--The Professional Geographer
"The many strengths of A Brief History of Neoliberalism cannot be adequately conveyed in this short space, but include powerful analyses of the devastating impact of neo-liberalism on the environment and labouring conditions (especially for women), a nuanced perspective on the external and internal forces compelling states to turn towards neo-liberalism, and the ways in which Marx's concept of "primitive accumulation" is highly pertinent to the neo-liberal era of capitalism."--Labour/Le Travail
"If you want to sharpen your thinking and understanding of these questions then I strongly recommend David Harvey's new book. Even if you disagree with parts of this readable Brief History, your assumptions and analysis will be well tested, and your arguments improved."--Open Democracy
------------
About the Author
David Harvey is Distinguished Professor of Anthropology at the Graduate Center of the City University of New York. He formerly held professorial posts at Oxford University and The Johns Hopkins University, and has written extensively on the political economy of globalization, urbanization, and cultural change. Oxford University Press published his book 'The New Imperialism' in September 2003 (reissued in paperback February 2005).
-----------
Product details
Paperback: 247 pages
Publisher: Oxford University Press (January 18, 2007)
--------
Customer Reviews
4.4 out of 5 stars
Izaak VanGaalen
5.0 out of 5 stars
A Critical Look at the Post-Keynesian EraJune 15, 2006
Format: Hardcover|Verified Purchase
The term neoliberalism is usually heard in the pejorative sense, often coming from Latin American leaders such as Hugo Chavez and Evo Morales. The term refers to an international economic policy that has been predominant in policy-making circles and university economics departments since the 1970's. The four faces on the cover of this book (Reagan, Deng, Pinochet, and Thatcher) are considered by David Harvey the primemovers of this economic philosophy. Reagnomics, Thatcherism, Deng's capitalism with Chinese characteristics, and Pinochet's free market policies marked the beginning of new era of global capitalism.
Neoliberlism as a philosophy holds that free markets, free trade, and the free flow of capital is the most efficient way to produce the greatest social, political, and economic good. It argues for reduced taxation, reduced regulation, and minimal government involvement in the economy. This includes the privitization of health and retirement benefits, the dismantling of trade unions, and the general opening up of the economy to foreign competition. Supporters of neoliberlism present this as an ideal system. Detractors, such as Harvey, see it as a power grab by economic elites and a race to the bottom for the rest.
In this short, but very well researched book, Harvey charts the capital flows of the last thiry years. In the 1970's, there was the breakdown of the Bretton Woods system, with its fixed exchange rates, tariff barriers, and capital controls. It gave way to floating currencies and high trading volumes. Capital started searching the globe for comparative advantage. Proponents claimed that this routed out corruption and inefficiencies, while opponents saw instability and exploitation. Indeed, Harvey produces ample statistics showing how the rich got richer and the poor stagnated. More surprisingly, he points out that the aggregate economic growth during the years of Keynesian management (the decades between World War II and the 1970's) was greater than during the neoliberal era (the 1970's to the present). The neoliberal era benefitted mainly the wealthy. In the US, the richest 1% now control 15% of the wealth as opposed to 8% at the end of World War II.
When Reagan and Thatcher came to power in the late 1970's and early 1980's they used their control of the IMF and World Bank to impose neoliberal policies on the developing world - especially Latin American countries. In the case of Chile, Pinochet - after violently ousting the Allende government - instituted free market policies as prescribed by the Chicago school, and was relatively successful. Other Latin American countries were not so successful, and it created a backlash of populist nationalisms in the form of Hugo Chavez in Venezuela and Evo Morales in Bolivia.
The section on China is one of the best in the book: "Neoliberalism with Chinese Characteristics". Harvey points out that China is not a pure neoliberal state. There is still heavy state intervention in the economy and management of the currency. And as a further criticiem of neoliberalism, he reminds us that China has produced some of the highest growth rates - 9 to 10 percent annually. On the downside, the gap between the rich and poor is growing, and because their currency is held artificially low they are building dangerous overcapacity.
Neither does the US, for that matter, operate according to neoliberal principles. Even as it is urging other countries to maintain minimal goverment and balanced budgets, it is running huge deficits and issuing ever more t-bills to cover its excess spending.
With China and the US - two linchpins in the world economy - not playing according to the rules of the game a crisis is bound to happen. One country is totally geared toward producing and exporting, while the other is content with importing, consuming, and creating more debt. Harvey believes that the global economic readjustment that is going to take place will be painful and possibly violent.
Harvey's excellent little book illustrates, once again, that the perfect market, presupposed by neoliberalism and classical liberalism, does not exist. Unfortunately, he does not offer any remedies to rectify the current situation, nor does he offer an alternative system. Nevertheless, this book is very insightful.
Read less
Comment| 227 people found this helpful. Was this review helpful to you?
---------------
Malvin
5.0 out of 5 stars
Format: Hardcover|Verified Purchase
The term neoliberalism is usually heard in the pejorative sense, often coming from Latin American leaders such as Hugo Chavez and Evo Morales. The term refers to an international economic policy that has been predominant in policy-making circles and university economics departments since the 1970's. The four faces on the cover of this book (Reagan, Deng, Pinochet, and Thatcher) are considered by David Harvey the primemovers of this economic philosophy. Reagnomics, Thatcherism, Deng's capitalism with Chinese characteristics, and Pinochet's free market policies marked the beginning of new era of global capitalism.
Neoliberlism as a philosophy holds that free markets, free trade, and the free flow of capital is the most efficient way to produce the greatest social, political, and economic good. It argues for reduced taxation, reduced regulation, and minimal government involvement in the economy. This includes the privitization of health and retirement benefits, the dismantling of trade unions, and the general opening up of the economy to foreign competition. Supporters of neoliberlism present this as an ideal system. Detractors, such as Harvey, see it as a power grab by economic elites and a race to the bottom for the rest.
In this short, but very well researched book, Harvey charts the capital flows of the last thiry years. In the 1970's, there was the breakdown of the Bretton Woods system, with its fixed exchange rates, tariff barriers, and capital controls. It gave way to floating currencies and high trading volumes. Capital started searching the globe for comparative advantage. Proponents claimed that this routed out corruption and inefficiencies, while opponents saw instability and exploitation. Indeed, Harvey produces ample statistics showing how the rich got richer and the poor stagnated. More surprisingly, he points out that the aggregate economic growth during the years of Keynesian management (the decades between World War II and the 1970's) was greater than during the neoliberal era (the 1970's to the present). The neoliberal era benefitted mainly the wealthy. In the US, the richest 1% now control 15% of the wealth as opposed to 8% at the end of World War II.
When Reagan and Thatcher came to power in the late 1970's and early 1980's they used their control of the IMF and World Bank to impose neoliberal policies on the developing world - especially Latin American countries. In the case of Chile, Pinochet - after violently ousting the Allende government - instituted free market policies as prescribed by the Chicago school, and was relatively successful. Other Latin American countries were not so successful, and it created a backlash of populist nationalisms in the form of Hugo Chavez in Venezuela and Evo Morales in Bolivia.
The section on China is one of the best in the book: "Neoliberalism with Chinese Characteristics". Harvey points out that China is not a pure neoliberal state. There is still heavy state intervention in the economy and management of the currency. And as a further criticiem of neoliberalism, he reminds us that China has produced some of the highest growth rates - 9 to 10 percent annually. On the downside, the gap between the rich and poor is growing, and because their currency is held artificially low they are building dangerous overcapacity.
Neither does the US, for that matter, operate according to neoliberal principles. Even as it is urging other countries to maintain minimal goverment and balanced budgets, it is running huge deficits and issuing ever more t-bills to cover its excess spending.
With China and the US - two linchpins in the world economy - not playing according to the rules of the game a crisis is bound to happen. One country is totally geared toward producing and exporting, while the other is content with importing, consuming, and creating more debt. Harvey believes that the global economic readjustment that is going to take place will be painful and possibly violent.
Harvey's excellent little book illustrates, once again, that the perfect market, presupposed by neoliberalism and classical liberalism, does not exist. Unfortunately, he does not offer any remedies to rectify the current situation, nor does he offer an alternative system. Nevertheless, this book is very insightful.
Read less
Comment| 227 people found this helpful. Was this review helpful to you?
---------------
Malvin
5.0 out of 5 stars
Deconstructing neoliberalism's peculiar definition of 'freedom'September 28, 2006
Format: Hardcover|Verified Purchase
"A Brief History of Neoliberalism" by David Harvey is a concise and razor-sharp deconstruction of the neoliberal movement. Mr. Harvey convincingly demonstrates that neoliberalism is an ideology that has been wielded to enshrine elite privilege at the expense of people and the environment. Assiduously researched and cogently argued, Mr. Harvey offers a jargon-free and readable text that helps readers gain a greater understanding about the political economy of our neoliberal world and what this might hold for us in the future.
Mr. Harvey explains that neoliberal propaganda has succeeded in fixating the public on a peculiar definition of 'freedom' that has served to conceal a project of upper class wealth accumulation. In practice, the neoliberal state assumes a protective role for capital while it sheds as much responsibility for the citizenry as possible. Mr. Harvey details how neoliberal theory is ignored whenever it comes time to bail out corporate interests from bad decision making while the safety net for the working class has been gradually eviscerated. The author effectively intersperses the text with graphs to illustrate how thirty years of neoliberalist policies has resulted in rising inequality, slower economic growth, higher incomes among the upper class, and other measures that serve to convincingly support and prove his thesis.
Mr. Harvey's history of how neoliberalism has gained ascendancy mostly treads through familiar ground but also highlights some key events that are sometimes overlooked by others. For example, Mr. Harvey relates the well-known stories of how the Chilean coup in 1973 opened the door for Augusto Pinochet to implement the first national experiment in neoliberalism, followed by Margaret Thatcher in Great Britain in 1979 and Ronald Reagan in the U.S. in 1980. However, we also gain greater appreciation about the importance of the New York City bankruptcy in the 1970s. We learn how the city's financial crisis allowed for the imposition of neoliberal reforms in a manner that would prove to be a familiar template around the world: the rollback of labor rights, the privatization of public assets, cuts in public services, and increased policing, surveillance and political repression of a markedly polarized population.
Mr. Harvey surveys neoliberalism around the world to discover connections and to analyze its effects. He finds that the U.S. economy has benefited immensely from its ability to extract tribute from other nations, including the U.S. financial community's probable engineering of crises in developing nations in order to scoop up devalued assets on the cheap. The author discusses how economic restructuring programs imposed on poor countries has benefited U.S. and other foreign investors while it has bolstered or created a small but powerful class of wealthy individuals in Mexico, South Korea, Sweden and elsewhere.
Format: Hardcover|Verified Purchase
"A Brief History of Neoliberalism" by David Harvey is a concise and razor-sharp deconstruction of the neoliberal movement. Mr. Harvey convincingly demonstrates that neoliberalism is an ideology that has been wielded to enshrine elite privilege at the expense of people and the environment. Assiduously researched and cogently argued, Mr. Harvey offers a jargon-free and readable text that helps readers gain a greater understanding about the political economy of our neoliberal world and what this might hold for us in the future.
Mr. Harvey explains that neoliberal propaganda has succeeded in fixating the public on a peculiar definition of 'freedom' that has served to conceal a project of upper class wealth accumulation. In practice, the neoliberal state assumes a protective role for capital while it sheds as much responsibility for the citizenry as possible. Mr. Harvey details how neoliberal theory is ignored whenever it comes time to bail out corporate interests from bad decision making while the safety net for the working class has been gradually eviscerated. The author effectively intersperses the text with graphs to illustrate how thirty years of neoliberalist policies has resulted in rising inequality, slower economic growth, higher incomes among the upper class, and other measures that serve to convincingly support and prove his thesis.
Mr. Harvey's history of how neoliberalism has gained ascendancy mostly treads through familiar ground but also highlights some key events that are sometimes overlooked by others. For example, Mr. Harvey relates the well-known stories of how the Chilean coup in 1973 opened the door for Augusto Pinochet to implement the first national experiment in neoliberalism, followed by Margaret Thatcher in Great Britain in 1979 and Ronald Reagan in the U.S. in 1980. However, we also gain greater appreciation about the importance of the New York City bankruptcy in the 1970s. We learn how the city's financial crisis allowed for the imposition of neoliberal reforms in a manner that would prove to be a familiar template around the world: the rollback of labor rights, the privatization of public assets, cuts in public services, and increased policing, surveillance and political repression of a markedly polarized population.
Mr. Harvey surveys neoliberalism around the world to discover connections and to analyze its effects. He finds that the U.S. economy has benefited immensely from its ability to extract tribute from other nations, including the U.S. financial community's probable engineering of crises in developing nations in order to scoop up devalued assets on the cheap. The author discusses how economic restructuring programs imposed on poor countries has benefited U.S. and other foreign investors while it has bolstered or created a small but powerful class of wealthy individuals in Mexico, South Korea, Sweden and elsewhere.
In China, Mr. Harvey remarks about the ease with which neoliberalism has found a home in an authoritarian state where the political elite have amassed their fortunes by exploiting a defenseless working class. The author is particularly concerned about the symbiotic relationship that has developed between the U.S. and China and muses about the potentially catastrophic financial situation that the two countries' mounting debts might pose for each other and the world economy.
In the final chapter, Mr. Harvey writes passionately about the need to continue building diverse democracy movements within the U.S. that are dedicated to social and economic justice. Although it is true that Mr. Harvey does not detail precisely what must be done, his thorough dissection of neoliberal ideology empowers us to effectively challenge those who hide behind false rhetorical devices in service to privilege. And for that, we should be grateful.
I give this outstanding book the highest possible rating and strongly recommend it to all.
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In the final chapter, Mr. Harvey writes passionately about the need to continue building diverse democracy movements within the U.S. that are dedicated to social and economic justice. Although it is true that Mr. Harvey does not detail precisely what must be done, his thorough dissection of neoliberal ideology empowers us to effectively challenge those who hide behind false rhetorical devices in service to privilege. And for that, we should be grateful.
I give this outstanding book the highest possible rating and strongly recommend it to all.
Comment| 104 people found this helpful. Was this review helpful to you?
Yes
NoReport abuse
See all 71 reviews
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