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Prolific anti-neoliberal poster, AntiNeoLiberal, dons his hatred for neoliberalism and posts From East Asian Miracle to Neoliberal Mediocrity, and Trading State-Led Prosperity for Market-Led Stagnation: From the Golden Age to Global Neoliberalism, two working papers from UMass Amherst. He rounds out his love affair with James Crotty, the author of both papers, with a capstone, field changing paper, The Realism of Assumptions Does Matter: Why Keynes-Minsky Theory Must Replace Efficient Market Theory as the Guide to Financial Regulation Policy. /r/Economics comes to learn about the horrors that is neoliberalism.
Neoliberalism, what we all know is the defining school of thought among today's economists. Sadly all of our futures have just been squelched by the specter that looms over /r/economics, AntiNeoLiberal. Burn all our books, pack up our bads, we've been undone!
R1: My marginal propensity to post is below this subreddit's social planners problem's designated optimum. So before AntiNeoliberal comes in here and forces me into the gulag, erm, "forced posting cubical," I'm deciding to make my quota at his expense.
R1 (seriously): Neoliberalism at best describes a variety of policy prescriptions (generally in the form of the 1990's IMF "Washington Consensus") that individually and communally have been relatively well discussed in the literature. At worst, it's part of a clear sign you're reading bad economics criticism.
Antineoliberal's two strictly anti-neoliberal papers seem comparably bereft of formal modeling or statistical work, instead relying on first pass qualitative data discussion ("X went down after neoliberalism!"). This to me seems hilarious given that many critiques of economics is that it isn't scientific enough, and that our approach to data and modeling only reinforces our world view, rather than tries to teach us anything more fundamental. Also, as some posters in those threads have pointed out, the articles seem to have no understanding of growth theory.
Finally, I was mostly just laughing at how much antineoliberal plays into his own name by posting several papers with neo-liberalism in their title, and then a third paper that tried to cite Taleb's "Black Swan" in an attempt at a peer reviewed article, rather than say, a term paper for a college course.
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