Diplomacia e Relações Internacionais
Published by EH.Net (December 2013)
Angus Burgin:
The Great Persuasion: Reinventing Free Markets since the Depression
Cambridge, MA: Harvard University Press, 2012. v + 303 pp. $30 (hardcover), ISBN: 978-0-674-05813-2.
Reviewed for EH.Net by Ross B. Emmett. James Madison College, Michigan State University.
Neo-liberalism has had several histories written recently. Daniel Stedman Jones (2012) linked the stories of F.A. Hayek and Milton Friedman to the rise of Margaret Thatcher and Ronald Reagan, crossing intellectual history with political history. Phil Mirowski and Dieter Plehwe (2009; see also Mirowski, 2013) provided us with the account of a unitary social movement – a “thought collective” as they called it. Stedman Jones’ account fell short because he lacked a clear understanding of how ideas are translated into institutions and rules via political entrepreneurship (see Leighton and López, 2012 for one model of how political entrepreneurship works). His account both underestimated the subtleties of the ideas of theorists in their academic setting, and overestimated the role of political leaders in translating ideas into the political realities. Mirowski and Plehwe brought the social movement emerging from Mont Pelerin to life. But all too often in the essays inc!uded in their volume the ideas and actions of the individuals within the movement were evaluated solely in terms of the outcomes of the movement as a whole – outcomes that were perceived to be threats to all good things; like democracy, human welfare, freedom and the like.
Angus Burgin also sets a lofty objective; but he gives us a much more subtle and nuanced history than either of two accounts mentioned above. “The history of the Mont Pèlerin Society (MPS) can, and to some extent should, be read as an extended plea for the relevance of the history of ideas to the history of politics” (p. 224), he tells us in his conclusion. Agreed. Yet, unlike the one-dimensional, and uni-directional, studies cited above, the historical “relationship between theory and praxis” among members of MPS that he narrates for us reveals the nuanced subtleties of “the dynamic nature of a historical transformation” (p. 224); a transformation in the way we configured the relationship between the state and markets during the latter half of the twentieth century. In Burgin’s account, living, breathing human beings communicate, argue, negotiate, pontificate, and yes, even conspire in their efforts to encourage and preserve “capitalist modes of social organization” (p. 225).
What “capitalism” meant was itself a question. Frank Knight, one of the contributors to the discussion who rightly figures in Burgin’s narrative as a key participant in the early years, never used the word “capitalism” in his little textbook The Economic Organization (2013). Yet Knight’s book did much to revitalize acceptance among the future members of MPS of the benefits of social organization via the price mechanism in an “exchange system” (Knight, 2013, p. 23-24). One of the reasons Knight (in contrast, say, to Ludwig von Mises) figures so prominently in Burgin’s account is that he could never settle on a simple account of the complex relationship among the political, social, economic, and even moral aspects of a society which decided (consciously? or simply as a result of accepting other things like the rule of law, family control of property, certain social customs, etc.) to allow markets to play a central role in social organization (see ! p. 112-122). Knight’s concerns were shared, to a greater or lesser extent, by other MPS members: Bernard de Jouvenel, Wilhelm Röpke, and Albert Hunold (who served as secretary for the Society in its early years, but eventually left it) for example. And even Hayek, whose intellectual leadership is central to Burgin’s account, reconfigured his understanding of the relation between markets, the state, and various forms of social organization several times.
If anyone is the “hero” in Burgin’s narrative, it is Milton Friedman, who took over leadership of the MPS at the moment when conflict over the relation between capitalism defined narrowly in market terms, and capitalism defined in terms of individual liberty, came to a head. It was to Friedman that Jouvenel wrote his famous letter of resignation from the Society, and it was Friedman that wrote the polemic Capitalism and Freedom (2002) that replaced Hayek’s Road to Serfdom (1994) as the call-to-arms for the next generation of MPS members. Interestingly, Capitalism and Freedom was originally published in the same year that Hayek left Friedman’s lair in Chicago for retirement back on the continent, at the University of Freiburg. Capitalism and Freedom articulated a liberal social philosophy that was “less conflicted than those of the leading figures in the early Mont Pèlerin Society” (p. 177). Unlike his predecessors, who wrote general accounts of the benefits of a liberal society, “Friedman’s consistent preference for unconstrained markets combined with his methodological orientation toward empiricism to inspire him to propose an astonishing range of specific alterations to governmental practice” (p. 178). Among conservative policy-makers in America and Europe, the MPS had been held at arms-length, admired at a distance, and kept away from the practice of policy making. Friedman changed all that. His academic reputation and willingness to engage the public in their own terms “made him a formidable figure in the conservative intellectual world.” But he also possessed a toolbox equipped with novel, explicit ideas “that were clearly derived from and representative of a singular worldview” (p. 184). The combination of these qualities provided him with the means to change the public debate over markets in America, and eventually around the world.
As important as Friedman’s ideas became, and as narrowly focused on the efficiency gains from adopting market-based solutions to social problems the MPS became, there were always those who asked the Society to recall the broader dimensions of social and moral inquiry that had so animated its early members. Burgin spends the penultimate chapter of the book on this debate over the moral capital of the Society, concluding that the Friedman shift – dare I call it a version of the Samuelson’s “F-Twist” (1963)? – may have captured the spirit of an age, but it left a Society that had abandoned the very “questions of value that Hayek had established [it] to address” (p. 213).
Earlier I said that, in Burgin’s account, we see human beings communicating and acting to encourage society’s re-engagement with capitalism. And yet, as I walk away from the book, it is his account of those human beings’ thinking that most captivates me. Thinking in the midst of praxis, I’m tempted to say, because it is not thought leading to action; nor action leading to thoughts. It is both together, and more. Burgin ends by urging modern MPSers to return to the critical openness of the early MPS to engagement with a broader understanding of capitalism in all its dimensions. Can modern proponents of capitalism engage the discontent with liberalism that troubled Knight and Jouvenel, Michael Oakeshott and Röpke? “We have accepted the virtues of markets but failed to determine how to integrate them into life as we wish it to be” (p. 226).
References:
Friedman, M. (2002). Capitalism and Freedom: Fortieth Anniversary Edition. Chicago: University of Chicago Press.
Hayek, F. A. (1994). The Road to Serfdom: Fiftieth Anniversary Edition. Chicago: University of Chicago Press.
Knight, F. H. (2013). The Economic Organization. New Brunswick, NJ: Transaction Publishers.
Leighton, W. and López, E. (2012). Madmen, Intellectuals and Academic Scribblers: The Economic Engine of Political Change. Stanford, CA: Stanford University Press.
Mirowski, P. (2013). Never Let a Serious Crisis Go to Waste: How Neoliberalism Survived the Financial Meltdown. London: Verso.
Mirowski, P. and Plehwe, D. (Editors) (2009). The Road from Mont Pelerin: The Making of the Neoliberal Thought Collective. Cambridge, MA: Harvard University Press.
Samuelson, P. A. (1963). “Problems of Methodology – Discussion,” American Economic Review, Vol. 53, No. 2 (Papers and Proceedings): 231-36.
Stedman Jones, D. (2012). Masters of the Universe: Hayek, Friedman, and the Birth of Neoliberal Politics. Princeton, NJ: Princeton University Press.
Ross B. Emmett’s publications include Frank Knight and the Chicago School in American Economics, Routledge (2009).
Copyright (c) 2013 by EH.Net. All rights reserved. This work may be copied for non-profit educational uses if proper credit is given to the author and the list. For other permission, please contact the EH.NetAdministrator ([email protected]). Published by EH.Net (December 2013). All EH.Net reviews are archived at http://www.eh.net/BookReview
To unsubscribe click here, to edit your profile click here.
============
Apresentação de dois dos livros citados na bibliografia no site Abebooks.com:
Mirowski, P. and Plehwe, D. (Editors) (2009). The Road from Mont Pelerin: The Making of the Neoliberal Thought Collective. Cambridge, MA: Harvard University Press.
Book Description: HARVARD UNIVERSITY PRESS, United States, 2009. Hardback.
What exactly is neoliberalism, and where did it come from? This volume attempts to answer these questions by exploring neoliberalism's origins and growth as a political and economic movement. Although modern neoliberalism was born at the 'Colloque Walter Lippmann' in 1938, it only came into its own with the founding of the Mont Pelerin Society, a partisan 'thought collective', in Vevey, Switzerland, in 1947. Its original membership was made up of transnational economists and intellectuals, including Friedrich Hayek, Milton Friedman, George Stigler, Karl Popper, Michael Polanyi, and Luigi Einaudi. From this small beginning, their ideas spread throughout the world, fostering, among other things, the political platforms of Margaret Thatcher and Ronald Reagan and the Washington Consensus. "The Road from Mont Pelerin" presents the key debates and conflicts that occurred among neoliberal scholars and their political and corporate allies regarding trade unions, development economics, antitrust policies, and the influence of philanthropy.The book captures the depth and complexity of the neoliberal 'thought collective' while examining the numerous ways that neoliberal discourse has come to shape the global economy.
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Economic Freedom of the WorldThe foundations of economic freedom are personal choice, voluntary exchange, and open markets. As Adam Smith, Milton Friedman, and Friedrich Hayek have stressed, freedom of exchange and market coordination provide the fuel...
Diplomacia e Relações Internacionais
Um pouco da historia do neoliberalismo, Hayek, Friedman, and the others - Book review
Published by EH.Net (December 2013)
Angus Burgin:
The Great Persuasion: Reinventing Free Markets since the Depression
Cambridge, MA: Harvard University Press, 2012. v + 303 pp. $30 (hardcover), ISBN: 978-0-674-05813-2.
Reviewed for EH.Net by Ross B. Emmett. James Madison College, Michigan State University.
Neo-liberalism has had several histories written recently. Daniel Stedman Jones (2012) linked the stories of F.A. Hayek and Milton Friedman to the rise of Margaret Thatcher and Ronald Reagan, crossing intellectual history with political history. Phil Mirowski and Dieter Plehwe (2009; see also Mirowski, 2013) provided us with the account of a unitary social movement – a “thought collective” as they called it. Stedman Jones’ account fell short because he lacked a clear understanding of how ideas are translated into institutions and rules via political entrepreneurship (see Leighton and López, 2012 for one model of how political entrepreneurship works). His account both underestimated the subtleties of the ideas of theorists in their academic setting, and overestimated the role of political leaders in translating ideas into the political realities. Mirowski and Plehwe brought the social movement emerging from Mont Pelerin to life. But all too often in the essays inc!uded in their volume the ideas and actions of the individuals within the movement were evaluated solely in terms of the outcomes of the movement as a whole – outcomes that were perceived to be threats to all good things; like democracy, human welfare, freedom and the like.
Angus Burgin also sets a lofty objective; but he gives us a much more subtle and nuanced history than either of two accounts mentioned above. “The history of the Mont Pèlerin Society (MPS) can, and to some extent should, be read as an extended plea for the relevance of the history of ideas to the history of politics” (p. 224), he tells us in his conclusion. Agreed. Yet, unlike the one-dimensional, and uni-directional, studies cited above, the historical “relationship between theory and praxis” among members of MPS that he narrates for us reveals the nuanced subtleties of “the dynamic nature of a historical transformation” (p. 224); a transformation in the way we configured the relationship between the state and markets during the latter half of the twentieth century. In Burgin’s account, living, breathing human beings communicate, argue, negotiate, pontificate, and yes, even conspire in their efforts to encourage and preserve “capitalist modes of social organization” (p. 225).
What “capitalism” meant was itself a question. Frank Knight, one of the contributors to the discussion who rightly figures in Burgin’s narrative as a key participant in the early years, never used the word “capitalism” in his little textbook The Economic Organization (2013). Yet Knight’s book did much to revitalize acceptance among the future members of MPS of the benefits of social organization via the price mechanism in an “exchange system” (Knight, 2013, p. 23-24). One of the reasons Knight (in contrast, say, to Ludwig von Mises) figures so prominently in Burgin’s account is that he could never settle on a simple account of the complex relationship among the political, social, economic, and even moral aspects of a society which decided (consciously? or simply as a result of accepting other things like the rule of law, family control of property, certain social customs, etc.) to allow markets to play a central role in social organization (see ! p. 112-122). Knight’s concerns were shared, to a greater or lesser extent, by other MPS members: Bernard de Jouvenel, Wilhelm Röpke, and Albert Hunold (who served as secretary for the Society in its early years, but eventually left it) for example. And even Hayek, whose intellectual leadership is central to Burgin’s account, reconfigured his understanding of the relation between markets, the state, and various forms of social organization several times.
If anyone is the “hero” in Burgin’s narrative, it is Milton Friedman, who took over leadership of the MPS at the moment when conflict over the relation between capitalism defined narrowly in market terms, and capitalism defined in terms of individual liberty, came to a head. It was to Friedman that Jouvenel wrote his famous letter of resignation from the Society, and it was Friedman that wrote the polemic Capitalism and Freedom (2002) that replaced Hayek’s Road to Serfdom (1994) as the call-to-arms for the next generation of MPS members. Interestingly, Capitalism and Freedom was originally published in the same year that Hayek left Friedman’s lair in Chicago for retirement back on the continent, at the University of Freiburg. Capitalism and Freedom articulated a liberal social philosophy that was “less conflicted than those of the leading figures in the early Mont Pèlerin Society” (p. 177). Unlike his predecessors, who wrote general accounts of the benefits of a liberal society, “Friedman’s consistent preference for unconstrained markets combined with his methodological orientation toward empiricism to inspire him to propose an astonishing range of specific alterations to governmental practice” (p. 178). Among conservative policy-makers in America and Europe, the MPS had been held at arms-length, admired at a distance, and kept away from the practice of policy making. Friedman changed all that. His academic reputation and willingness to engage the public in their own terms “made him a formidable figure in the conservative intellectual world.” But he also possessed a toolbox equipped with novel, explicit ideas “that were clearly derived from and representative of a singular worldview” (p. 184). The combination of these qualities provided him with the means to change the public debate over markets in America, and eventually around the world.
As important as Friedman’s ideas became, and as narrowly focused on the efficiency gains from adopting market-based solutions to social problems the MPS became, there were always those who asked the Society to recall the broader dimensions of social and moral inquiry that had so animated its early members. Burgin spends the penultimate chapter of the book on this debate over the moral capital of the Society, concluding that the Friedman shift – dare I call it a version of the Samuelson’s “F-Twist” (1963)? – may have captured the spirit of an age, but it left a Society that had abandoned the very “questions of value that Hayek had established [it] to address” (p. 213).
Earlier I said that, in Burgin’s account, we see human beings communicating and acting to encourage society’s re-engagement with capitalism. And yet, as I walk away from the book, it is his account of those human beings’ thinking that most captivates me. Thinking in the midst of praxis, I’m tempted to say, because it is not thought leading to action; nor action leading to thoughts. It is both together, and more. Burgin ends by urging modern MPSers to return to the critical openness of the early MPS to engagement with a broader understanding of capitalism in all its dimensions. Can modern proponents of capitalism engage the discontent with liberalism that troubled Knight and Jouvenel, Michael Oakeshott and Röpke? “We have accepted the virtues of markets but failed to determine how to integrate them into life as we wish it to be” (p. 226).
References:
Friedman, M. (2002). Capitalism and Freedom: Fortieth Anniversary Edition. Chicago: University of Chicago Press.
Hayek, F. A. (1994). The Road to Serfdom: Fiftieth Anniversary Edition. Chicago: University of Chicago Press.
Knight, F. H. (2013). The Economic Organization. New Brunswick, NJ: Transaction Publishers.
Leighton, W. and López, E. (2012). Madmen, Intellectuals and Academic Scribblers: The Economic Engine of Political Change. Stanford, CA: Stanford University Press.
Mirowski, P. (2013). Never Let a Serious Crisis Go to Waste: How Neoliberalism Survived the Financial Meltdown. London: Verso.
Mirowski, P. and Plehwe, D. (Editors) (2009). The Road from Mont Pelerin: The Making of the Neoliberal Thought Collective. Cambridge, MA: Harvard University Press.
Samuelson, P. A. (1963). “Problems of Methodology – Discussion,” American Economic Review, Vol. 53, No. 2 (Papers and Proceedings): 231-36.
Stedman Jones, D. (2012). Masters of the Universe: Hayek, Friedman, and the Birth of Neoliberal Politics. Princeton, NJ: Princeton University Press.
Ross B. Emmett’s publications include Frank Knight and the Chicago School in American Economics, Routledge (2009).
Copyright (c) 2013 by EH.Net. All rights reserved. This work may be copied for non-profit educational uses if proper credit is given to the author and the list. For other permission, please contact the EH.NetAdministrator ([email protected]). Published by EH.Net (December 2013). All EH.Net reviews are archived at http://www.eh.net/BookReview
To unsubscribe click here, to edit your profile click here.
============
Apresentação de dois dos livros citados na bibliografia no site Abebooks.com:
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Masters of the Universe: Hayek, Friedman, and the Birth of Neoliberal Politics (Hardback)
Bookseller: The Book Depository US
(Gloucester, ., United Kingdom)
Quantity Available: 1
ISBN: 9780691151571
Book Description: Princeton University Press, United States, 2012. Hardback.
How did American and British policymakers become so enamored with free markets, deregulation, and limited government? This book - the first comprehensive transatlantic history of the rise of neoliberal politics - presents a surprising answer. Based on archival research and interviews with leading participants in the movement, "Masters of the Universe" traces the ascendancy of neoliberalism from the academy of interwar Europe to supremacy under Reagan and Thatcher and in the decades since. Daniel Stedman Jones argues that there was nothing inevitable about the victory of free-market politics. Far from being the story of the simple triumph of right-wing ideas, the neoliberal breakthrough was contingent on the economic crises of the 1970s and the acceptance of the need for new policies by the political left. "Masters of the Universe" describes neoliberalism's road to power, beginning in interwar Europe but shifting its center of gravity after 1945 to the United States, especially to Chicago and Virginia, where it acquired a simple clarity that was developed into an uncompromising political message.Neoliberalism was communicated through a transatlantic network of think tanks, businessmen, politicians, and journalists that was held together by Friedrich Hayek and Milton Friedman. After the collapse of Bretton Woods in 1971, and the "stagflation" that followed, their ideas finally began to take hold as Keynesianism appeared to self-destruct. Later, after the elections of Reagan and Thatcher, a guileless faith in free markets came to dominate politics. Fascinating, important, and timely, this is a book for anyone who wants to understand the history behind the Anglo-American love affair with the free market, as well as the origins of the current economic crisis.
Book Description: HARVARD UNIVERSITY PRESS, United States, 2009. Hardback.
What exactly is neoliberalism, and where did it come from? This volume attempts to answer these questions by exploring neoliberalism's origins and growth as a political and economic movement. Although modern neoliberalism was born at the 'Colloque Walter Lippmann' in 1938, it only came into its own with the founding of the Mont Pelerin Society, a partisan 'thought collective', in Vevey, Switzerland, in 1947. Its original membership was made up of transnational economists and intellectuals, including Friedrich Hayek, Milton Friedman, George Stigler, Karl Popper, Michael Polanyi, and Luigi Einaudi. From this small beginning, their ideas spread throughout the world, fostering, among other things, the political platforms of Margaret Thatcher and Ronald Reagan and the Washington Consensus. "The Road from Mont Pelerin" presents the key debates and conflicts that occurred among neoliberal scholars and their political and corporate allies regarding trade unions, development economics, antitrust policies, and the influence of philanthropy.The book captures the depth and complexity of the neoliberal 'thought collective' while examining the numerous ways that neoliberal discourse has come to shape the global economy.
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Não preciso acrescentar absolutamente nada ao que já escreveu esse autor chinês, autor de um dos mais recentes estudos sobre a mortandade inimaginável causada por Mao Tsé-tung na China, com o seu "grande salto para a frente", entre 1958 e 1962. Foi,...
- A Historia Do Capitalismo Americano, Em Harvard
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