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What Was ‘New’ About Neoliberalism?
Author(s) -
Coleman William
Publication year - 2013
Publication title -
economic affairs
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.24
H-Index - 18
eISSN - 1468-0270
pISSN - 0265-0665
DOI - 10.1111/j.1468-0270.2012.02192.x
Subject(s) - neoliberalism (international relations) , liberalism , interpretation (philosophy) , classical liberalism , mill , government (linguistics) , politics , core (optical fiber) , neoclassical economics , political economy , sociology , political science , law and economics , epistemology , positive economics , economics , law , philosophy , engineering , mechanical engineering , telecommunications , linguistics
This article advances an interpretation of the core contribution of neoliberalism to the liberal tradition. At the hands of neoliberal thinkers, the classical liberalism of L ocke, Smith and Mill underwent a reconstruction involving certain re‐conceptualisations of individual and political freedom, which served to shift the crux of the case for classical liberalism from market success propositions to government failure propositions.