Free-Market Economies, The State, and Policy-Making

This article, based on an edited transcript of a speech at The Australian Sociological Association (TASA) conference in Melbourne in December 2016, summarises the criticisms of ‘economic rationalism’, cum neoliberalism, that emerged from the ‘economic rationalism debate’ in Australia of the early 1990s to the present. Economic rationalism reversed Australia’s historic nation-building legacy. Free market neoliberal doctrines have captured the central Canberra policy-making apparatus and radically reduced the coordinating role of the state in most areas of public policy. Economic ‘reform’ is seen primarily as a political project led by international and domestic corporate interest groupings and aimed at the transformation of Australia’s institutions. The neoliberal orthodoxy continues to distort the policy process as it has become functionally indispensable for the process of policy making and government, despite its failing intellectual legitimacy.

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KEGAGALAN PRIVATISASI BUMN DI ERA REZIM ORDE BARU DALAM PERSPEKTIF EKONOMI POLITIK

Wacana Publik ◽

10.37295/wp.v12i02.16 ◽

2019 ◽

Vol 12 (02) ◽

Author(s):

Syamsul Ma'arif

Keyword(s):

Market Economy ◽

Free Market ◽

Dominant Role ◽

The State ◽

Early Years ◽

New Order ◽

Free Market Economy ◽

Economic Sectors ◽

Role Of The State

After had being carried out nationalization and hostility against west countries, the New Order regime made important decision to change Indonesia economic direction from etatism system to free market economy. A set of policies were taken in order private sector could play major role in economic. However, when another economic sectors were reformed substantially, effords to reform the State Owned Enterprises had failed. The State Owned Enterprise, in fact, remained to play dominant role like early years of guided democracy era. Role of the State Owned Enterprises was more and more powerfull). The main problem of reforms finally lied on reality that vested interest of bureaucrats (civil or military) was so large that could’nt been overcome.

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Neoliberalism is not dead – On political implications of Covid-19

Capital & Class ◽

10.1177/0309816820982381 ◽

2020 ◽

pp. 030981682098238

Author(s):

Miloš Šumonja

Keyword(s):

Free Market ◽

The State ◽

Working Classes ◽

Strong State ◽

Hand Grip ◽

Right Hand ◽

The People ◽

Political Implications ◽

The World ◽

The Face

The news is old – neoliberalism is dead for good, but this time, even Financial Times knows it. Obituaries claim that it had died from the coronavirus, as the state, not the markets, have had to save both the people and the economy. The argument of the article is that these academic and media interpretations of ‘emergency Keynesianism’ misidentify neoliberalism with its anti-statist rhetoric. For neoliberalism is, and has always been, about ‘the free market and the strong state’. In fact, rather than waning in the face of the coronavirus crisis, neoliberal states around the world are using the ongoing ‘war against the virus’ to strengthen their right-hand grip on the conditions of the working classes.

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Ethics, Markets, and MacIntyre

Analyse & Kritik ◽

10.1515/auk-2008-0115 ◽

2008 ◽

Vol 30 (1) ◽

Cited By ~ 3

Author(s):

Russell Keat

Keyword(s):

The State ◽

Economic Systems ◽

Human Flourishing ◽

Ethical Considerations ◽

Substantive Theory ◽

Market Economies ◽

Political Deliberation ◽

Ethical Critique ◽

Political Decisions

AbstractMacIntyre’s theory of practices, institutions, and their respective kinds of goods, has revived and enriched the ethical critique of market economies, and his view of politics as centrally concerned with common goods and human flourishing presents a major challenge to neutralist liberal theorists’ attempts to exclude distinctively ethical considerations from political deliberation. However, the rejection of neutrality does not entail the rejection of liberalism tout court: questions of human flourishing may be accorded a legitimate role in political decisions-including those about economic systems - provided that the powers of the state remain subject to certain recognizably liberal constraints. Further, although neutralist liberals often defend market economies on the mistaken grounds that they alone are consistent with the principle of ethical neutrality, a non-neutralist defence of them should not be ruled out, especially if the substantive theory of goods used to evaluate them is somewhat less restrictive than MacIntyre’s.

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The State and the Stork: The Population Debate and Policy Making in U.S. History

Journal of American History ◽

10.1093/jahist/jat155 ◽

2013 ◽

Vol 100 (1) ◽

pp. 276-276

Author(s):

E. D. Berkowitz

Keyword(s):

Policy Making ◽

The State

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New York Free Banks and the Role of Reputations

The American Economist ◽

10.1177/056943459403800208 ◽

1994 ◽

Vol 38 (2) ◽

pp. 66-77

Author(s):

Michael J. Haupert

Keyword(s):

New York ◽

Free Market ◽

The State ◽

Free Banking ◽

Competitive Markets

The era of free banking in the state of New York featured the competitive issue of money by banks. The results of this research provide support for the argument that banking during this period was not an anomaly, but an example of the effects of competition in a free market. This is done by establishing a link between bank reputations and the discount at which their notes traded. Quality is important and can be discerned through the use of reputations as a proxy, and thus can act as a stabilizing force in competitive markets where quality is difficult to recognize.

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Medicine in Free Market Economies

Journal of the American College of Cardiology ◽

10.1016/j.jacc.2012.01.027 ◽

2012 ◽

Vol 59 (17) ◽

pp. 1566-1567

Author(s):

Georg Ertl

Keyword(s):

Free Market ◽

Market Economies

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Reconsidering the state

Reconsidering Policy ◽

10.1332/policypress/9781447333111.003.0004 ◽

2020 ◽

pp. 55-74

Author(s):

Kate Crowley ◽

Jenny Stewart ◽

Adrian Kay ◽

Brian W. Head

Keyword(s):

Public Policy ◽

Policy Making ◽

The State ◽

Binary Choice ◽

Policy Effectiveness ◽

Comparative Public Policy ◽

Policy Studies ◽

The Core ◽

State And Society ◽

Public Policy Analysis

State-centred and society-centred explanations in comparative public policy analysis disagree markedly on the extent to which the state has autonomy or is essentially a clearing-house for outside forces. In this chapter, we reconsider the position of the state in policy studies by investigating the interactions and inter-dependency between the state and society rather than making a binary choice between state-centred and society-centred perspectives on governance. The core argument is that policy studies can improve its ability to apprehend the position of the state in dilemmas of contemporary policy-making by acknowledging that the state is, at once, both critical to collective action and reliant on crucial elements of societal support for its policy effectiveness. In such terms, governance is a useful label for the variety of ways in which society is not simply acted upon by the state, but actively shapes the actions of and outcomes of state activity.

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