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View Diary: Hell No! No Grand Bargain: Are We At War With Our Own Neoliberals? [125 Votes In!] (152 comments)

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  •  new school Libertarians - yes (4+ / 0-)

    ...... Social Security blogathon March 25th thru March 29th. #HandsOffmySS FDR 9-23-33, "If we cannot do this one way, we will do it another way. But do it we will.

    by Roger Fox on Wed Apr 10, 2013 at 09:20:18 AM PDT

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    •  What does the "new school" part mean? (3+ / 0-)
      Recommended by:
      Words In Action, Just Bob, dadoodaman

      Boehner Just Wants Wife To Listen, Not Come Up With Alternative Debt-Reduction Ideas

      by dov12348 on Wed Apr 10, 2013 at 09:21:19 AM PDT

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      •  Classical liberalism (0+ / 0-)

        saw government and institutions existing independently and outside of the free market.  In other words, regulations could affect the market, but ultimately the market exists irrespective of government action.  It's kind of a natural state of being.  Neo-liberalism, beginning with Hayek, understand the role of government and institutions (law, for instance) as being always already part of the market.  So while a classical liberal might be content with simply reducing regulation, the neoliberals favor a much more activist government through specific policy proposals.  

        So, for instance, you have the Chicago Law and Economics people studying how to design a philosophy of law that best enables the free market, and how to use market principles to design efficient laws.  Or Friedman's negative tax proposal which was intended to allow the market to operate more efficiently, rather than address inequality per se.

        To believe that markets determine value is to believe that milk comes from plastic bottles. Bromley (1985)

        by sneakers563 on Wed Apr 10, 2013 at 01:43:07 PM PDT

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