Jamal Awil

← Never Let a Serious Crisis Go to Waste

The answer must be 'virtually everything. [fact]

In the throes of the red-misted nightmare, it looks as if the crisis, otherwise so virulent and corrosive, didn't manage to kill even one spurious economic notion. This is not exactly news. John Quiggin has entertainingly dubbed the phenomenon Zombie Economics, and deserves kudos for stressing this point. Incongruously, Friedrich Hayek's Road to Serfdom has returned to best-seller lists after a long hiatus. Even Ayn Rand has apparently enjoyed a new lease on (undead) life. One can readily agree with Colin Crouch: "What remains of Neoliberalism after the financial crisis? The answer must be 'virtually everything.'"

Philip Mirowski, Never Let a Serious Crisis …, loc. 44