11. - , ¯ ¯
. ¯ ¯ ¯
. ¯
Elizabeth Martinez and Arnoldo García. What is "Neo-Liberalism"?, A Brief Definition,
http://www.globalexchange.org/campaigns/econ101/neoliberalDefined.html
March 2008 11
12. -
' ' -
. ¯ ¯ ¯
. - ¯
• “Reforms have made Iceland a Nordic tiger,”
declared a paper from the Cato Institute.
• “How Ireland Became the Celtic Tiger” was the title of
one Heritage Foundation article;
• “The Estonian Economic Miracle” was the title of
another.
¯
March 2008 12
19. -
•
individual liberty and freedom
.
•
, ¯ ¯ ¯
. ¯ –
•
¯ ¯ , , ¯ ¯
¯ ¯
. ¯
David Harvey, A Brief History of NeoLiberalism (Oxford, 2005)
March 2008 19
20. The General Interest –
• The EU Treaty stipulates that “The Commission shall
promote the general interest of the Union and take
appropriate initiatives to that end”.
• The roots of the notion of the general interest can be
traced from Jean-Jacques Rousseau (“the general
will”) through the French Revolution to our times
where it thus constitutes integral part of the EU’s
political and legal arsenal.
• where the EU puts the general interest at the core of
its action, the U.S. Institutions appear to lack a
similar principle to protect against special interests
and to promote sensible policies.
March 2008 20
35. - ¯ ¯
Adverse Feedback Loop
• Slowing economy weakens financial markets, which
induces greater caution by lenders, households,
and firms, and which feeds back to even more
weakness in economic activity and more caution.
• An important objective of Fed policy is to mitigate
the possibility that such a negative feedback loop
could develop and take hold.
Janet L. Yellen, President and CEO, Federal Reserve
Bank of San Francisco. February 8, 2008,
March 2008 35
36. ¯ ¯ ¯ ¯ ¯
¯
• The deepest belief of the modern economist is that
the economy is a self-stabilizing system. This means
that, even if nothing is done, normal rates of
employment and production will someday return.
• Prof. James K. Galbraith; ‘No Return to Normal’
March 2008 36
50. – ¯
•
Laissez-Faire
•
.
- •
¯ ¯ ¯ .
laissez-faire -
.
•
¯ , ,1929-
.1930
• Jim Donnelly, The Great Irish Potato Famine
• http://www.bbc.co.uk/history/state/nations/famine_01.shtml
March 2008 50
51. 2008
¯ ¯ •
. ¯
Profits are privatized and losses are socialized
: ¯ •
Corporate Welfare State.
Socialism for the rich.
Willem Buiter, a London School of Economics professor and
former Bank of England policy maker.
March 2008 51
67. -
¯ •
•
•
(5 ) •
•
•
¯ •
The Scorecard on Development: 25 Years of Diminished Progress,
Mark Weisbrot, Dean Baker, and David Rosnick, Center for Economic and Policy Research Sep. 2005
March 2008 67
