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View Diary: Robert Bork's influence over antitrust law (97 comments)

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  •  there are differences and similarities in the (4+ / 0-)
    Recommended by:
    fladem, Pete Rock, Egalitare, Floande

    Chicago-School economics and the Chicago law and economics positions worth discussing at length but they are less than monolithic. Neo-liberalism incorporates much of the neoclassical canon and law and economics uses both, alas. I agree that they may rely on this but it's much more nuanced depending on which emphasis you wish to incorporate:

    What most have in common is the belief that government intervention makes things worse

    Neoliberalism describes a market-driven approach to economic and social policy based on neoclassical theories of economics that stresses the efficiency of private enterprise, liberalized trade and relatively open markets, and therefore seeks to maximize the role of the corporate sector in determining the political and economic priorities of the state.

    Präsidentenelf-maßschach;Warning-Some Snark Above;Cascadia Lives

    by annieli on Sun Jan 09, 2011 at 08:16:07 PM PST

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    •  Neo-liberalism (1+ / 0-)
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      annieli

      to the extent that it is an economic doctrine (and I would argue that it is not) is based on an acceptance of a broader role of the state than the Chicago Boys would have accepted.  

      Neo-liberalism is about political economy more than about economics.

      The bitter truth of deep inequality has been disguised by an era of cheap imported goods and the anyone-can-make-it celebrity myth - Polly Toynbee

      by fladem on Sun Jan 09, 2011 at 08:33:09 PM PST

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    •  I should add (1+ / 0-)
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      annieli

      that there is enourmous complexity here, as your comment suggests.  And neither one of us has even mentioned rational choice....

      The bitter truth of deep inequality has been disguised by an era of cheap imported goods and the anyone-can-make-it celebrity myth - Polly Toynbee

      by fladem on Sun Jan 09, 2011 at 08:48:56 PM PST

      [ Parent ]

    •  Who created "neo-liberalism?" (0+ / 0-)

      All these "neo" theories tend to be the same lame justifications of laissez-faire capitalism and greed is good values we see today.  It's the new religion, and it's definitely not what liberalism is supposed to be, so why not call it something else?  You can't call something the new liberalism when it's the opposite of liberalism and more like fascism.  Is someone wanting to connect their beliefs with liberalism to make them more acceptable?  We might as well call football baseball and black white.

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