IHADDADENE YASMINE

Neoliberalism

2021/2022
What Is Neoliberalism ?

Neoliberalism is contemporarily used to refer to market-oriented reform policies such as

"eliminating price controls, deregulating capital markets, lowering trade barriers" and
reducing, especially through privatization and austerity, state influence in the economy
Neoliberalism is a policy model that encompasses both politics and economics and seeks to
transfer the control of economic factors from the public sector to the private sector. Many
neoliberalism policies enhance the workings of free market capitalism and attempt to place
limits on government spending, government regulation, and public ownership
in its sim simple

Definition :

Liberalism is a political and moral philosophy based on the rights of the individual, liberty,
consent of the governed and equality before the law.

Understanding Neoliberalism :

Neoliberalism is related to economics, a school of thought that prescribes a minimal amount

of government interference into the economic issues of individuals and society. Economics
proposes that continued economic growth will lead to technological innovation, expansion of
the free market, and limited state interference.

Liberalism vs Neoliberalism :

At its core, liberalism is a broad political philosophy; it holds liberty to a high standard and
defines all social, economic, and political aspects of society, including–but not limited to–the
role of government. The policies of neoliberalism, on the other hand, are more narrowly
focused. They are primarily concerned with markets and the policies and measures that
influence the economy.

Neoliberal characteristic :
Neoliberalism is contemporarily used to refer to market-oriented reform policies such as
"eliminating price controls, deregulating capital markets, lowering trade barriers" and
reducing, especially through privatization and austerity, state influence in the economy.

1- Privatisation :
includes selling all state owned entities and businesses to the private sector .
2- Deregulation

Deregulation entails reducing government regulation on economic activities, such as trade or

imposing taxes on certain businesses .

3-Elimination of the Public Good

A related concept to the previous point states that people are motivated to work towards their
individual well-being rather than think about society overall .

4-Free markets
are marked by globalization and greater openness towards investment and trade .

What is the main goal of neoliberal ?

Neoliberalism is contemporarily used to refer to market-oriented reform policies such as

"eliminating price controls, deregulating capital markets, lowering trade barriers" and
reducing, especially through privatization and austerity, state influence in the economy.

Who are the theorists of new liberalism?

whose founding members included Friedrich Hayek, Milton Friedman, Karl Popper, Georg
Stigler, and Ludwig von Mises.