LATEST PUBLICATIONS
PIDS EPM 2020-2021
Reset and Rebuild for a Better Philippines in the Post-pandemic World
DLSU-AKI Working Paper Series 2021-11-079
Examining and Evaluating the Multidimensional Energy Poverty Index (MEPI) in the Philippine Household Context
DLSU-AKI Working Paper Series 2021-11-078
A Game Theoretic Study on CSR and Government Intervention for Sustainable Production
DLSU-AKI Working Paper Series 2021-11-077
Obstacles to Economic Freedom Affecting Micro, Small, and Medium Enterprises (MSMEs) in Southeast Asian Countries

LATEST AV MATERIALS
PIDS WB 2021-1104
Assessing the Philippines' Performance in Meeting the ASEAN Economic Community Vision 2025
PIDS WB 2021-1103
Examining The Health Impacts Of The COVID-19 Pandemic In The Philippines
ILS-AVP-01
ILS 30th Anniversary Video
PIDS WB 2021-1102
Evaluating the Pantawid Pamilyang Pilipino Program's Payment System
Publication Detail
AER 2002-02: Neo-Liberalism is Dead, Long live Neo-Classical Economics

Columbia University economist Dani Rodrik claims that “neo-liberalism is dead”. The claim points out the vanished intellectual hegemony of neo-liberal economics - embodied in the Washington Consensus - due to the failures experienced by countries that strictly adhered to its policy prescriptions, on the one hand, and the success of countries that "marched to the beat of their own drums", on the other. Indeed, there are many threads of contemporary economic thought that provide alternatives to neo-liberal economics. These heterodox policies and approaches are most welcome, and they can be harmonized with conventional wisdom. As Rodrik puts it, "let a thousand growth models bloom." At the same time, old-fashioned neo-classical thinking – to be sure, neo-liberalism draws heavily from neo-classical economics - should not be totally rejected. Some aspects of it can be used to defeat the most pernicious features of neo-liberalism. It is precisely their excellent grasp of neo-classical economics that enables the likes of Rodrik, Joseph Stiglitz, etc. to credibly and convincingly demolish neo-liberalism.

Action for Economic Reforms
Authors Keywords
Sta Ana III, Filomeno; neo-liberalism; neo-classicalism;
Download PDF Number of Downloads
Published in 2002 and available in the AER website or Downloaded 331 times since November 25, 2011
×
Please let us know your reason for downloading this publication. May we also ask you to provide additional information that will help us serve you better? Rest assured that your answers will not be shared with any outside parties. It will take you only two minutes to complete the survey. You will answer the profile questions only once as long as you enter the same email address. Thank you.


To use as reference:
If others, (Please specify):
Name: (optional)
Email: (required, but will not display; please use the same email address when downloading another publication so that the profile questions will not appear)
Age:
Gender:
If Prefer to self-describe, please specify:
Level of Education:
Occupation:
If employed either part-time or full-time, name of office:
If others, (Please specify):
Would you like to receive the SERP-P UPDATES e-newsletter? Yes No
Use the space below if you have any comment about this publication or SERP-P knowledge resources in general.