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João Rodrigues

In: The SAGE Handbook of Neoliberalism

Chapter 10: Embedding Neoliberalism: The Theoretical Practices of Hayek and Friedman

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Embedding Neoliberalism: The Theoretical Practices of Hayek and Friedman
Embedding Neoliberalism: The Theoretical Practices of Hayek and Friedman
João Rodrigues
Introduction

Among students of neoliberalism influenced by Karl Polanyi's (2001 [1944]) work, a gulf has been diagnosed between neoliberals’ ‘utopian vision’ of a disembedded economy and the realities that they had historically to face in ‘the murky worlds of market-oriented “governance”', made of ‘repeated, prosaic, and often botched efforts to fix markets, to build quasi-markets, and to repair market failures', i.e., of efforts to embed the economy in particular ways (Peck, 2010: xiii). Mirowski (2009) has reinterpreted this gap as part of a ‘double-truth’ at the heart of the intellectual and political history of neoliberalism, whereby the myths are for the ideological ...

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