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Masters of the UniverseHayek, Friedman, and the Birth of Neoliberal Politics$
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Daniel Stedman Jones

Print publication date: 2014

Print ISBN-13: 9780691161013

Published to Princeton Scholarship Online: October 2017

DOI: 10.23943/princeton/9780691161013.001.0001

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The Rising Tide

The Rising Tide

Neoliberal Ideas in the Postwar Period

(p.85) 3 The Rising Tide
Masters of the Universe

Daniel Stedman Jones

Princeton University Press

This chapter talks about how a distinct neoliberal worldview was built on the foundations of the critique of New Deal liberalism and social democracy synthesized in the writings of Ludwig von Mises, Friedrich Hayek, and Karl Popper. The adrenaline generated by the neoliberal movement and its ideas in the Conservative and Republican parties radically changed the political and economic life of both the United States and Great Britain. The chapter also shows how neoliberal ideas developed a sharper focus and an icy coherence. Neither Milton Friedman's intelligent loquaciousness nor Ronald Reagan's warm sentiments could disguise a philosophy that was built on a cold and abstract individualism, yet the vision was still very much a utopian one, centered on a fantasy of the perfect free market.

Keywords:   neoliberal movement, New Deal liberalism, social democracy, Ludwig von Mises, Friedrich Hayek, Karl Popper, Conservatives, Republicans, free market

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