The Key Principles Of Neoliberalism Essay - 1052 Words

(B. KamiÅ„ski 225). However, the package was met with a flurry of criticism from prominent economists and journalists. Echoing the key principles of neoliberalism, the economist Tomasz JezioraÅ„ski argued that the principal weakness of the package consisted in granting the full responsibility for economic performance to the central administration. The free enterprise characterized by responsibility and autonomy, he insisted, was incompatible with economic coercion by the state (B. KamiÅ„ski 226). As a consequence of protests of similar nature, the government eventually withdrew the package in question from further consideration. Following the revolutions of 1989, neoliberals were able to forge new alliances with Solidarity members through a participation in a new and democratically-elected government. In particular, Balerowicz played a central role in shaping the nation’s economic reform by assuming the Deputy Prime Minister post and putting forward the Balcerowicz Plan, which effectively outlined the agenda for transitioning from central planning to a market economy. As Bohle and Neunhà ¶ffer argue, neoliberals eventually succeeded in winning the support of not only the general public but also of the political elite associated with Solidarity (99). They were able to capture the public imagination by insisting on a new and concrete set of policies, which opposed European â€Å"normalcy† and freedom to the Soviet stagnation and authoritarianism. Thus, although Sachs and otherShow MoreRelatedAdam Smith And Karl Marx1674 Words   |  7 Pagesare profoundly important in locating and investigat ing the roots of neoliberalism as well as exploring alternatives ways to challenge neoliberal economics in the face of its post-cold war expansion as the inevitable and only alternative to redistribution and economic justice. This essay traces the emerging ideas of classical liberalism as articulated by Smith and their subsequent deployment in the debates that produced neoliberalism. In this context, Marx and Marxism are utilized to expose and deconstructRead MoreThe Political Theory Of The Chilean Economy1112 Words   |  5 Pagesreport established the roots of the neoliberal project that comes later (Narbona, 2014). The radical shift the neo-conservative (neoliberal) project imposed to the Chilean domestic political economy has been global, though. 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Prominent neoliberals such as Friedrich HayekRead MoreWhy Water Should Be Treated As Human Right Or Not776 Words   |  4 Pagesthe 1970 s and the 1980 s, the scholars identified two ideas of efficiency and externalities to support the argument that the value of water needs to be increased. Regarding efficiency, Environment Canada (1983) noted from the angle of economic principles that when a good is undervalued it tends to be overused. The best example of the implications of this for natural resource management was described by Hardin (19 68) regarding the tragedy of the commons. Hardin noted that in Britain, a common