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The Intellectual Origins of the Global Financial Crisis$
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Roger Berkowitz and Taun N. Toay

Print publication date: 2012

Print ISBN-13: 9780823249602

Published to Fordham Scholarship Online: January 2013

DOI: 10.5422/fordham/9780823249602.001.0001

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The End of Neoliberalism?

The End of Neoliberalism?

Chapter:
(p.167) Sixteen The End of Neoliberalism?
Source:
The Intellectual Origins of the Global Financial Crisis
Author(s):

Miguel De Beistegui

Publisher:
Fordham University Press
DOI:10.5422/fordham/9780823249602.003.0017

In this chapter, Miguel De Beustegui questions whether the events of 2008 actually constituted a crisis. De Beustegui argues that if it was a crisis, it was more a crisis of neoliberalism than of capitalism as a whole. The financial crisis, he argues, should be seen as an opportunity to raise the question of the relation between economics and politics today, and especially between the market and the state. That relation today is a relation of limits. In other words, should the market limit the state or the state limit the market? The chapter explores this question of market and state limitation through a reading of Michel Foucault's lectures on the Birth of Biopolitics.

Keywords:   Neoliberalism, Birth of Biopolitics, Michel Foucault, Ronald Reagen, Chicago School of Economics, interesse di stato, ragione di stato, F.A. Hayek, MIltion Friedman, John Maynard Kaynes

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