Pitchfork Economics with Nick Hanauer cover image

The Road to Freedom (with Joseph Stiglitz)

Pitchfork Economics with Nick Hanauer

CHAPTER

The Origins of Neoliberalism and Challenging Economic Beliefs

The chapter discusses the origins of neoliberalism in response to threats of fascism and Stalinism, critiquing the ideologies of Hayek and Friedman for pushing the world away from effective management of affairs. It explores a new book that challenges traditional economic theories, rethinking freedom and government intervention in the economy. The discussion delves into the flaws of neoclassical orthodoxy, critiquing assumptions of perfect markets and the consequences of defending bad behavior under the guise of market efficiency.

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