Open AccessThe Advent of Neoliberal Capitalism Over The 20th Century
Author(s) -
Vridhi Sharma
Publication year - 2021
Publication title -
international journal of research in social sciences and humanities(online)/international journal of research in social sciences and humanities
Language(s) - English
Resource type - Journals
eISSN - 2454-4671
pISSN - 2249-4642
DOI - 10.37648/ijrssh.v11i03.028
Subject(s) - capitalism , conceptualization , economic interventionism , neoliberalism (international relations) , context (archaeology) , free market , scope (computer science) , liberalism , neoclassical economics , economics , political economy , economic system , political science , politics , law , philosophy , paleontology , linguistics , computer science , biology , programming language
In this paper, I have attempted to trace the emergence of neoliberal capitalism as an economicsystem pertaining to the foundations of classical liberalism of the 18th century. The paperessentially draws a comparative analysis of the Keynesian theory of government interventionin economic activity as opposed to Hayek’s conceptualization of free-market capitalism,while tracing the advent, trajectory and scope of neoliberal capitalism in the global context.