Published by: Универзитет у Нишу
Keywords: liberalism; neoliberalism; embeddednes; state; market
Summary/Abstract: Neoliberalism is subject to conflicting interpretations. Although often associated with the relation between state and market, neoliberalism is certainly beyond the scope of these relationships. It is a complex phenomenon composed of beliefs, practices and institutions. Neglecting any of these elements leads to a misunderstanding of the whole. One of the most complex issues facing those who deal with the issue of neoliberalism is to establish a connection between normative recommendations of neoliberal theory and political and economic changes in market economies. Elementary insights into economic changes over the last decades show that there is a certain correspondence between the neoliberal ideas and the trajectory of many capitalist economies, but also clear discrepancies. The goal of this paper is to investigate the analytical potential of the "embeddedness" concept in the analysis of discrepancies between neoliberal theory and practice.
- Issue Year: 2012
- Issue No: 1
- Page Range: 1-13
- Page Count: 13
- Language: English