Created by Denise Draper
almost 9 years ago
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Paradox that deregulation of the economy leads to high levels of social inequality and therefore leads to a strong state.Neoliberalism:Neoliberals reject inherent weakness of capitalism – blaming: · Keynesian economic management · Increased welfare spending · Unions corporatism
Freidrich Hayek 1899-1992 The Road to Serfdom (1943)- Argues against government intervention in the economyJM Keynes 1883-1946 The General Theory of Employment, Interest and Money (1936) - Argues in favour of government spending to stimulate the economy
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