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- Title
What is Neoliberalism? A Comparative Analysis of Three Theoretical Perspectives.
- Authors
Chuan-Wei Hsia
- Abstract
One of the main controversies that surrounds academic discussions about neoliberalism may originate from its variegation. On the one hand, many conflicting theoretical perspectives have been mobilized to analyze it; on the other hand, neoliberalism denotes different things and embodies different forms in different places. So, it is understandable that many people feel this term carries little analytical weight.This article focuses on "variety" as a problematic, tracing three main traditions: Marxian political economy, neo-institutionalism, and a Science and Technology Studies (STS) approach inspired by Michel Callon. While each tradition may penetrate some important facets of neoliberalization as a process, they fail to capture others. How can the "varieties of neoliberalization" be understood? This article suggests that it is possible to attain a better understanding of neoliberalism if we grasp its four facets at the same time: structure, institution, process, and action. In sum, we may regard neoliberalism as an artifact that reacts to the crisis of world capitalism's accumulation, and its contents include hegemonic projects, market institutions, state forms, and market performativity.
- Subjects
NEOLIBERALISM; TECHNOLOGY education; CALLON, Michel; CAPITALISM; COMPARATIVE studies
- Publication
Taiwanese Sociology, 2014, Issue 27, p142
- ISSN
1680-2969
- Publication type
Article