Roots and Paradoxes of the Neoliberal Apologetics

In both economic theory and practice, there is a dichotomy between individual behavior and institutional structure. It causes the problem of finding a non-conflict "co-evolution" of individuals and institutions. Systemic motivation, the ways of business regulation and economic development...

Full description

Saved in:
Bibliographic Details
Published in:Economics & sociology 2016-01, Vol.9 (1), p.209-219
Main Author: Draskovic, Mimo
Format: Article
Language:English
Subjects:
Apologetics
Communitarianism
Economic development
Economic policy
Economic theory
Holism
Ideology
Individualism
Institutionalism
Institutionalization
Liberalism
Neoliberalism
Principles
Society
State regulation
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!
Description
Summary:In both economic theory and practice, there is a dichotomy between individual behavior and institutional structure. It causes the problem of finding a non-conflict "co-evolution" of individuals and institutions. Systemic motivation, the ways of business regulation and economic development directly depend on the degree of compliance between individuals and institutions. In this article we will try to explain the difference between the theoretical level, where methodological individualism and methodological holism irreconcilably distance themselves, and the practical level, where synthesis (institutional pluralism) between polarized institutional monisms becomes possible. Socioeconomic development essentially requires institutional pluralism, which per se excludes all forms of institutional monism and the existence of resulting alternative institutions. We can conclude that neoliberal apologetics can be called a specific form of neoliberal (elitist) dirigisme, because it indirectly justifies and protects quasi-neoliberal interests of the so-called "new elite".
ISSN:2071-789X
2306-3459
DOI:10.14254/2071-789X.2016/9-1/14