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Liberalism and the Welfare StateEconomists and Arguments for the Welfare State$
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Roger E. Backhouse, Bradley W. Bateman, Tamotsu Nishizawa, and Dieter Plehwe

Print publication date: 2017

Print ISBN-13: 9780190676681

Published to Oxford Scholarship Online: July 2017

DOI: 10.1093/acprof:oso/9780190676681.001.0001

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Neoliberal Think Tanks and the Crisis

Neoliberal Think Tanks and the Crisis

Chapter:
(p.192) 10 Neoliberal Think Tanks and the Crisis
Source:
Liberalism and the Welfare State
Author(s):

Dieter Plehwe

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780190676681.003.0011

The global financial and economic crisis is widely considered a fundamental crisis of neoliberalism. But the contribution of neoliberals to the ongoing debate on causes and consequences of the crisis has been a substantial, if belittled or even ignored, factor of influence. A review of postcrisis activities of organized neoliberal networks directs attention to their continuing influence in shaping the interpretation of the crisis and preference formation processes with regard to proposed solutions. An agenda of minimal welfare state solutions that are compatible with the market systems has been reconfirmed; it both accepts temporary increases of welfare budgets and aims at constitutionalizing the long-term decrease of welfare budgets through austerity regimes at the same time. Different reservoirs of neoliberal thinking, like the distinct Austrian school and German-Swiss ordoliberal traditions, play an important role in the contemporary controversies on economics and welfare.

Keywords:   neoliberalism, network, think tank, crisis, welfare

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