From Washington consensus to global crises

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2010
İnan, Mutlu
This thesis focuses on the changing modes of state intervention into the economy in neoliberalism. It contends that the so called free market is neither a natural process nor an inevitable result of the harmony of interest, but the result of a deliberate political making process. The global economic crisis provided ample evidence to refute the claim that state and market are separately existing and antagonistic entities and indicates that the issue is not the market or the state, since the state in a capitalist society is equally subordinate to capital, simply providing an alternative mode of regulation of capital accumulation. The state has always been essential for "proper" workings of the market, especially for the interests of capital and the neoliberal state is not an exception.

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Citation Formats
M. İnan, “From Washington consensus to global crises,” M.S. - Master of Science, Middle East Technical University, 2010.