Amongst intellectuals and activists, neoliberalism has become a potent signifier for the kind of free-market thinking that has dominated politics for the past three decades. Forever associated with the conviction politics of Ronald Reagan and Margaret Thatcher, the free-market project has since become synonymous with the "Washington consensus" on international development policy and the phenomenon of corporate globalization, where it has come to mean privatization, deregulation, and the opening up of new markets. But beyond its utility as a protest slogan or buzzword as shorthand for the political-economic Zeitgeist, what do we know about where neoliberalism came from and how it spread? Who are the neoliberals, and why do they studiously avoid the label?
Constructions of Neoliberal Reason presents a radical critique of the free-market project, from its origins in the first half of the 20th century through to the recent global economic crisis, from the utopian dreams of Friedrich von Hayek through the dogmatic theories of the Chicago School to the hope and hubris of Obamanomics. The book traces how neoliberalism went from crank science to common sense in the period between the Great Depression and the age of Obama.
Constructions of Neoliberal Reason dramatizes the rise of neoliberalism and its uneven spread as an intellectual, political, and cultural project, combining genealogical analysis with situated case studies of formative moments throughout the world, like New York City's bankruptcy, Hurricane Katrina, and the Wall Street crisis of 2008. The book names and tracks some of neoliberalism's key protagonists, as well as some of the less visible bit-part players. It explores how this adaptive regime of market rule was produced and reproduced, its logics and limits, its faults and its fate.
`Review from previous edition a must read for those wanting to understand the social history of neoliberalisation ... a work of remarkable erudition ... important and impressive'
BISA International Political Economy Group Prize Committee
`Jamie Peck's Constructions of Neoliberal Reason is a timely, if not fault-free, examination of the secret history and current manifestations of neoliberalism. These manifestations have direct relevance to Britain in the age of post-crash austerity... The first section of the book, concerned with the development of neoliberal ideas, is very thought provoking and provides a much-needed critique of the genesis of this school of economic theory. I would also
recommend the book to anyone especially interested in the aftermath of Hurricane Katrina.'
Neil Stewart, British Politics and Policy at LSE
`Constructions of Neoliberal Reason is destined to become a classic. In it, Jamie Peck provides a masterful account of an infinitely adaptive free-market project. I know of no other text that is able to tell such a robust social history of neoliberalization; I know of no other scholar so attentive to the 'mongrel' character of market fundamentalism. By foregrounding the creativity of neoliberal reason, Peck is able to demonstrate how this global common
sense requires of us all constant analytical and political vigilance. Social science scholars and students will long be grateful to Peck for this much-needed intervention.'
Ananya Roy, Professor, Department of City and Regional Planning, Friesen Chair in Urban Studies, Co-Director, Global Metropolitan Studies Center, and Education Director, Blum Center for Developing Economies, University of California, Berkeley
`Many fascinating skeletons fall out of the closet in this brilliant genealogy of free-market extremism and its reign as 'common-sense.''
Mike Davis, author of Planet of Slums and Distinguished Professor, University of California, Riverside
`Most critics of neoliberalism leave the reader mystified as to how such flawed ideas could ever have become so powerful. Jamie Peck is the rare exception; his new book eviscerates neoliberal claims while simultaneously revealing the intellectual tricks and political maneuverings by which an always changing and deeply contradictory doctrine established its hegemony.'
Fred Block, Research Professor of Sociology, University of California at Davis
1: Relocating Neoliberalism
2: Rebooting Freedom
3: Finding the Chicago School
4: Between Gotham and the Gulf
5: Creative Liberties
6: Decoding Obamanomics