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Neoliberalism: The Genesis of a Political Swearword

Oliver Marc Hartwich | OP114 | 19 May 2009

op-114Neoliberalism is one of the most commonly used words in political debates. Despite this, the origins of neoliberalism are hardly known. Nor does there appear to be a generally accepted definition of the term.

The original inventors of the word 'neoliberalism' had something completely different in mind. Their philosophy was a reasiong to the Great Depression of the 1930s.  As such it was meant to show a 'Third way' between capitalism and socialism. Today's critics of neoliberalism have more in common with neoliberalism than they may think.

 

 

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