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Never Let a Serious Crisis Go to Waste: How Neoliberalism Survived the Financial Meltdown
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Never Let a Serious Crisis Go to Waste: How Neoliberalism Survived the Financial Meltdown

4.16  ·  Rating details ·  221 ratings  ·  19 reviews
At the onset of the Great Recession, as house prices sank and joblessness soared, many commentators concluded that the economic convictions behind the disaster would now be consigned to history. Yet in the harsh light of a new day, attacks against government intervention and the global drive for austerity are as strong as ever. Never Let a Serious Crisis Go to Waste is the ...more
Hardcover, 384 pages
Published June 25th 2013 by Verso (first published January 1st 2013)
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Trevor
I going to start at the end of this one and with the question the author did answer and questions the author tells us the book didn’t answer. To quote:

“The purpose of this book has been to attempt to answer this question: Why did the neoliberals come through the crisis stronger than ever? Precisely for that reason, we have passed lightly over some other highly contentious collateral issues, such as:
What were the key causes of the crisis?
Have economists of any stripe managed to produce a coherent
...more
Simon Wood
Mar 11, 2014 rated it liked it
A SERIOUS ANALYSIS GONE TO WASTE

My feelings regarding Mirowski's "Never Let A Serious Crisis Go To Waste" are decidedly mixed, on the one hand there is much fascinating information and analysis with regards to both Economists and the Financial Meltdown, on the other... well imagine Thomas Frank (of One Market Under God: Extreme Capitalism, Market Populism, and the End of Economic Democracy & Pity the Billionaire: The Hard-Times Swindle and the Unlikely Comeback of the Right fame) mainlining
...more
Rhys
Jul 14, 2015 rated it it was amazing
The last time I had to read a book with a dictionary on my lap, my bicycle had a banana seat and sissy bar.

intercalated, defalcations, quantifornication, banjax, caliginous, peccadilloes, apophenia, ukases, hegira, hebetude ... you get the picture.

Beyond this awesome vocabularic (I know, I made that word up) spectacle, the book is amazing. Though I thought David Harvey's book on neoliberalism was very good when it was published - this one better captures the insidious rot that is this modern
...more
Sara
May 31, 2014 rated it it was amazing
Shelves: empire
The end of truth as narrated by the Proust of economic thought

[Through my ratings, reviews and edits I'm providing intellectual property and labor to Amazon.com, Inc., listed on Nasdaq, which fully owns Goodreads.com and in 2013 posted revenues for $74 billion and $274 million profits. Intellectual property and labor require compensation. Amazon.com, Inc. is also requested to provide assurance that its employees and contractors' working conditions meet the highest health and safety standards
...more
Peter (Pete) Mcloughlin
How is it that we suffer the biggest economic meltdown in 2008 since the great depression and the orthodoxy behind it ,neoliberalism, is stronger than ever. Usaully after colossal failure like orthodox neoliberalism. Neoliberalism is 20th century version of Liassez Faire with all the championing of rich and trampling of the weak it implies. It was developed by a collection of intellectuals of Austrian school of economics who despised government intervention in the market. Neoliberals drawing on ...more
Aaron Arnold
It's indisputable that Mirowski knows how to pick his subjects; his earlier work Machine Dreams is a really interesting history of the influence of Cold War institutions and fields of study like cybernetics on the development of much of modern economics, far-reaching in its subject material and insightful on almost every page. For this work, the subtitle promises an analysis of how neoliberal economics (more on what that is in a bit) managed to outlast the financial crisis and ensuing recession ...more
Malcolm
Sep 20, 2014 rated it it was amazing
[apologies for the length] It does not take a long memory (or even a particularly good one) for many of us to remember that the latter half of 2008 and much of 2009 saw what seemed to be a surprising mainstream interest in Marx and Marxist economic analysis which might have been surprising in and of itself, but was even more given the way much of that same mainstream had, not many years before, broke out the garlic, crosses and holy water at the mere mention of the word ‘capitalism’. This was ...more
Michael Wolf
Jan 25, 2015 rated it liked it
Interesting guy, but needs an editor.
Tara Brabazon
Mar 04, 2016 rated it it was amazing
This book is like an ice-cold glass of water after running a marathon. It takes one question as its focus: why (the hell) has the neoliberal system/structure/policy/trope/theory survived the Global Financial Crisis? How could the system that brought the world to the worst economic meltdown since the Great Depression survive - seemingly without critique?

This masterful book answers this question. Mirowski has configured the ideal tone for this book. Tongue firmly in cheek, ironic lens firmly in
...more
Sean Estelle
May 19, 2019 rated it really liked it
This was a somewhat dense, and at times overly loquacious, work of political economy dissecting exactly what the title says - how neoliberalism survived the financial crisis of 2007 onwards. It does so by looking at the “Neoliberal Thought Collective”, the ideological cadre developing the core tenants of neoliberalism; and how they’ve captured the broader fields of the economics profession, regulatory analysis of the crisis, and various elements of pop and protest culture. Some pieces of the ...more
Alex
Feb 28, 2018 rated it it was amazing
I thought his more recent one, about knowledge and information, made the epistemological case of his enemies wayyyy clearer than this did, but this does a good job of showing how that epistemological case, like all really vibrant philosophies, radiates out into every aspect of lived experience.
Ed
Apr 19, 2019 rated it it was amazing
A very good revisionist history of the 2008 financial crash and its aftermath. Made me quite angry at times but insightful balanced and uncovered a lot of interesting evidence and perspectives.
Reid
Nov 12, 2015 is currently reading it
This review has been hidden because it contains spoilers. To view it, click here.
Doug Greer
Oct 07, 2015 rated it it was amazing
Shelves: economics
Prof. Mirowski described a nesting doll structure of Neoliberal thought which he calls the Neoliberal Thought Collective. He goes into far more details as to what is Neoliberalism and where it came from in his other books.

It looks like the Neoliberal Thought Collective is the driving force behind the Neoliberal Market Fundamentalism which dominates the field of economics and the professional journalistic organizations which purport to cover economics and our economy.

My skepticism of economic
...more
Mayoral Tutorial
Oct 17, 2014 rated it it was amazing
Mirowski has forgotten more about economics than Friedman either Milton or Thomas have ever known.
Kyle
Mar 02, 2016 rated it really liked it
B+
Dirk Nachbar
Sep 16, 2013 rated it really liked it
good view of why the neoliberals survived the crisis. maybe too US centric and could use simpler language to tell same story.
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Philip Mirowski (born 21 August 1951, Jackson, Michigan) is a historian and philosopher of economic thought at the University of Notre Dame (Carl E. Koch Professor of Economics and Policy Studies and the History and Philosophy of Science). He received a PhD in Economics from the University of Michigan in 1979, and is a Director of the Reilly Center for Science, Technology, and Values.

“The final neoliberal fallback is geoengineering, which derives from the core neoliberal doctrine that entrepreneurs, unleashed to exploit acts of creative destruction, will eventually innovate market solutions to address dire economic problems. This is the whiz-bang futuristic science fiction side of neoliberalism, which appeals to male adolescents and Silicon Valley entrepreneurs almost as much as do the novels of Ayn Rand.” 1 likes
“One way to exert power in restraint of democracy is to bend the state to a market logic, pretending one can replace “citizens” with “customers” (see point 5). Consequently, the neoliberals seek to restructure the state with numerous audit devices (under the sign of “accountability” or the “audit society”) or impose rationalization through introduction of the “new public management”; or, better yet, convert state services to private provision on a contractual basis.” 1 likes
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