Ruling Ideas: How Global Neoliberalism Goes Local
Cornel Ban
Abstract
Economic ideas with global reach are powerful because their domestic translators make them go local, hybridizing global scripts with local ideas, with intellectual legacies, transnational expert networks and resources shaping the form of the local hybrid. This does not mean that all local translations shape policy, however. External constraints and translators’ access to cohesive policy institutions filter what kind of hybrids become policy reality. By comparing the moderate neoliberalism that prevails in Spain with the more radical one that shapes policy thinking in Romania, the book explains ... More
Economic ideas with global reach are powerful because their domestic translators make them go local, hybridizing global scripts with local ideas, with intellectual legacies, transnational expert networks and resources shaping the form of the local hybrid. This does not mean that all local translations shape policy, however. External constraints and translators’ access to cohesive policy institutions filter what kind of hybrids become policy reality. By comparing the moderate neoliberalism that prevails in Spain with the more radical one that shapes policy thinking in Romania, the book explains why neoliberal hybrids took such different forms and how they survived the post-2008 crisis. Ruling Ideas covers an extended historical period, starting with the Franco period in Spain and the Ceauşescu period in Romania, covers these countries’ economic integration into the EU, and continues through Europe’s Great Recession and the European debt crisis. The broad historical coverage enables a careful analysis of how neoliberalism rules in times of stability and crisis and under different political systems.
Keywords:
neoliberalism,
Keynesianism,
Ordoliberalism,
(dis)embedded neoliberalism,
economist,
Spain,
Romania,
IMF,
euro,
Great Recession
Bibliographic Information
| Print publication date: 2016 |
Print ISBN-13: 9780190600389 |
| Published to Oxford Scholarship Online: August 2016 |
DOI:10.1093/acprof:oso/9780190600389.001.0001 |
