I grew up outside of Flint, Michigan, which during my lifetime went from being a pretty nice place to live to being a perpetual basket case that still doesn’t have clean water. I’ve always been very concerned with the question of what went wrong, and very early in my graduate education, it became clear to me that the neoliberal agenda that started under Reagan has been at the root of the economic rot and destruction that has afflicted Flint and so many other places. That personal connection, combined with my background in theology, makes me well-suited to talk about how political belief systems “hook” us, even when they hurt us.
Most books on neoliberalism focus on public policy and economic statistics, without really addressing the core question: if neoliberalism has failed so spectacularly to deliver economic stability and shared prosperity, why do we keep going along with it? My answer is that neoliberalism is not just a political or economic system, but a moral one based on the value of free choice. But the freedom it offers is a trap – the system gives us just enough freedom to take the blame for bad outcomes, but not enough to really change our circumstances.
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This is the book that put “neoliberalism” on the map in contemporary debates. Published years before the Global Financial Crisis, it offers a global and historical perspective on the neoliberal order. I have some questions about Harvey’s definitions—especially his claim that China is a neoliberal country—but no one can beat him for mastery of economic data and trends.
Davies offers an exceptionally clear and useful definition of neoliberalism: “the disenchantment of politics by economics.” But what really makes this book valuable is the research he has conducted on the office culture of the government officials who are actually implementing neoliberal policy—how they think, what they believe they’re achieving, and how they sometimes deviate from the letter of neoliberal theory while remaining true to its spirit.
More than most authors on neoliberalism, Brown takes it seriously as a philosophy and worldview that aims to reshape human society and our individual sense of self. Drawing on classic philosophers like Aristotle, Marx, and Arendt, she argues that neoliberalism is hollowing our sense of what it means to be human by turning us all into hyper-competitive, self-marketing, self-branding drones. I wind up arguing with her a lot in my book, but whether you wind up agreeing or disagreeing with her, she’s an essential point of reference.
Most commentators see neoliberalism as primarily an economic project that tries to overcome old cultural prejudices and divisions. Cooper shows us that beneath this cosmopolitan façade, neoliberalism has always been about reinforcing traditional hierarchies of race, gender, and sexuality. Through a painstaking review of the actual roll-out of neoliberal policy from Reagan to Obama, she shows that racism, sexism, homophobia, and nationalism are not outdated “leftovers” from a previous era but an essential part of the neoliberal order.
This is an older book that doesn’t address neoliberalism directly, but it has been really important for people who are trying to think about how to get past neoliberalism. Polanyi shows that the free market is not some spontaneous, “natural” thing, but requires massive state action and support. He also shows how destructive market forces can be to society if left unchecked and argues that the state’s duty is to find ways to constrain the market’s worst impulses.
5,888 authors have recommended their favorite books and what they love about them. Browse their picks for the best books about neoliberalism, economic history, and economics.
We think you will like The Captured Economy, The Value of Everything, and The Storm Before the Storm if you like this list.
From Dietrich's list on the economic challenges of the 2020s.
This is a good book to understand the pervasive existence of “rents” in the economy. From the literal rents that homeowners in popular areas can charge, to the rents that accrue to copyright or patent holders, to the rents earned by firms using regulation to block competition, the authors document all the places in our economy where this restricts innovation. It is ultimately a book asking “what is fair?”.
From Dietrich's list on the economic challenges of the 2020s.
I like this book because it takes a giant step back and asks what “the economy” means. What we measure, and what we choose to classify as “economic activity”, is a choice, not a given. By opting to classify some things as true economic activity (e.g. finance) but others as not (e.g. raising kids) we implicitly make choices about economic policy, as it can only deal with what it can count. It opens up the idea that we could stop and think about what should matter to the economy, and what may not.
From Cass' list on ancient Roman society.
Duncan walks the reader through the generations leading up to the fall of the Republic, examining the political, economic, and social conditions that led to civil war and, eventually, the transition to Empire. While Duncan provides biographies of key figures like the Gracchi brothers, he also sets them in the context of their world: its constraints, its faith, its competing pressures. The Storm Before the Storm opens a window into an under-examined period of history, one which has echoes in modern-day politics.
