Masters of the Universe: Hayek, Friedman, and the Birth of Neoliberal Politics

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9780691151571: Masters of the Universe: Hayek, Friedman, and the Birth of Neoliberal Politics

How did American and British policymakers become so enamored with free markets, deregulation, and limited government? This book--the first comprehensive transatlantic history of the rise of neoliberal politics--presents a surprising answer. Based on archival research and interviews with leading participants in the movement, Masters of the Universe traces the ascendancy of neoliberalism from the academy of interwar Europe to supremacy under Reagan and Thatcher and in the decades since. Daniel Stedman Jones argues that there was nothing inevitable about the victory of free-market politics. Far from being the story of the simple triumph of right-wing ideas, the neoliberal breakthrough was contingent on the economic crises of the 1970s and the acceptance of the need for new policies by the political left.



Masters of the Universe describes neoliberalism's road to power, beginning in interwar Europe but shifting its center of gravity after 1945 to the United States, especially to Chicago and Virginia, where it acquired a simple clarity that was developed into an uncompromising political message. Neoliberalism was communicated through a transatlantic network of think tanks, businessmen, politicians, and journalists that was held together by Friedrich Hayek and Milton Friedman. After the collapse of Bretton Woods in 1971, and the "stagflation" that followed, their ideas finally began to take hold as Keynesianism appeared to self-destruct. Later, after the elections of Reagan and Thatcher, a guileless faith in free markets came to dominate politics.


Fascinating, important, and timely, this is a book for anyone who wants to understand the history behind the Anglo-American love affair with the free market, as well as the origins of the current economic crisis.

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From the Inside Flap:


"Daniel Stedman Jones has an unusual talent--making the history of economic thought fascinating and significant. In tracing the evolution of neoliberal ideas and their implementation in public policy in Britain and the United States, he does a superb job of helping us understand both the last half-century of Atlantic history and the origins of the current crisis. No book could be more timely."--Eric Foner, Columbia University


"Daniel Stedman Jones captures brilliantly the interaction between ideas and events in this compelling history of the rise of Thatcherism and Reaganism. He displays a willingness, unusual in a historian, to treat economic ideas seriously, and not just as weapons in a political struggle. In the light of the economic collapse of 2007-2008, the intellectual debates of the 1970s and 1980s, brought so vividly to life here, are as fresh as they were at the time."--Robert Skidelsky, author of Keynes: Return of the Master


"Daniel Stedman Jones shows how neoliberalism gained ascendancy in both the United States and the United Kingdom. This timely book is a model of calmness, lucidity, and reasoned argument, intent on understanding neoliberalism rather than celebrating or condemning it out of hand."--Sean Wilentz, author of "The Age of Reagan: A History, 1974-2008"


About the Author:

Daniel Stedman Jones is a barrister in London. He was educated at the University of Oxford and at the University of Pennsylvania, where he earned a PhD in history. He has worked as a policy adviser for the New Opportunities Fund and as a researcher for Demos.

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Daniel Stedman Jones
Editore: Princeton University Press, United States (2012)
ISBN 10: 0691151571 ISBN 13: 9780691151571
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Descrizione libro Princeton University Press, United States, 2012. Hardback. Condizione libro: New. Language: English . Brand New Book. How did American and British policymakers become so enamored with free markets, deregulation, and limited government? This book--the first comprehensive transatlantic history of the rise of neoliberal politics--presents a surprising answer. Based on archival research and interviews with leading participants in the movement, Masters of the Universe traces the ascendancy of neoliberalism from the academy of interwar Europe to supremacy under Reagan and Thatcher and in the decades since. Daniel Stedman Jones argues that there was nothing inevitable about the victory of free-market politics. Far from being the story of the simple triumph of right-wing ideas, the neoliberal breakthrough was contingent on the economic crises of the 1970s and the acceptance of the need for new policies by the political left. Masters of the Universe describes neoliberalism s road to power, beginning in interwar Europe but shifting its center of gravity after 1945 to the United States, especially to Chicago and Virginia, where it acquired a simple clarity that was developed into an uncompromising political message.Neoliberalism was communicated through a transatlantic network of think tanks, businessmen, politicians, and journalists that was held together by Friedrich Hayek and Milton Friedman. After the collapse of Bretton Woods in 1971, and the stagflation that followed, their ideas finally began to take hold as Keynesianism appeared to self-destruct. Later, after the elections of Reagan and Thatcher, a guileless faith in free markets came to dominate politics. Fascinating, important, and timely, this is a book for anyone who wants to understand the history behind the Anglo-American love affair with the free market, as well as the origins of the current economic crisis. Codice libro della libreria AAU9780691151571

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Daniel Stedman Jones
Editore: Princeton University Press, United States (2012)
ISBN 10: 0691151571 ISBN 13: 9780691151571
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Descrizione libro Princeton University Press, United States, 2012. Hardback. Condizione libro: New. Language: English . Brand New Book. How did American and British policymakers become so enamored with free markets, deregulation, and limited government? This book--the first comprehensive transatlantic history of the rise of neoliberal politics--presents a surprising answer. Based on archival research and interviews with leading participants in the movement, Masters of the Universe traces the ascendancy of neoliberalism from the academy of interwar Europe to supremacy under Reagan and Thatcher and in the decades since. Daniel Stedman Jones argues that there was nothing inevitable about the victory of free-market politics. Far from being the story of the simple triumph of right-wing ideas, the neoliberal breakthrough was contingent on the economic crises of the 1970s and the acceptance of the need for new policies by the political left. Masters of the Universe describes neoliberalism s road to power, beginning in interwar Europe but shifting its center of gravity after 1945 to the United States, especially to Chicago and Virginia, where it acquired a simple clarity that was developed into an uncompromising political message.Neoliberalism was communicated through a transatlantic network of think tanks, businessmen, politicians, and journalists that was held together by Friedrich Hayek and Milton Friedman. After the collapse of Bretton Woods in 1971, and the stagflation that followed, their ideas finally began to take hold as Keynesianism appeared to self-destruct. Later, after the elections of Reagan and Thatcher, a guileless faith in free markets came to dominate politics. Fascinating, important, and timely, this is a book for anyone who wants to understand the history behind the Anglo-American love affair with the free market, as well as the origins of the current economic crisis. Codice libro della libreria AAU9780691151571

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Descrizione libro Princeton University Press, 2012. Condizione libro: New. 2012. First Edition first Printing. Hardcover. Based on archival research and interviews with leading participants in the movement, this title traces the ascendancy of neoliberalism from the academy of interwar Europe to supremacy under Reagan and Thatcher and in the decades since. Num Pages: 432 pages, 1 table. BIC Classification: 1DBK; 1KBB; 3JJ; HBJD1; HBJK; HBLW; JPFK. Category: (P) Professional & Vocational. Dimension: 241 x 157 x 31. Weight in Grams: 744. . . . . . . Codice libro della libreria V9780691151571

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Descrizione libro Princeton University Press. Condizione libro: New. 2012. First Edition first Printing. Hardcover. Based on archival research and interviews with leading participants in the movement, this title traces the ascendancy of neoliberalism from the academy of interwar Europe to supremacy under Reagan and Thatcher and in the decades since. Num Pages: 432 pages, 1 table. BIC Classification: 1DBK; 1KBB; 3JJ; HBJD1; HBJK; HBLW; JPFK. Category: (P) Professional & Vocational. Dimension: 241 x 157 x 31. Weight in Grams: 744. . . . . . Books ship from the US and Ireland. Codice libro della libreria V9780691151571

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