Authors:

  • Peter Hall

Excerpt

The Changing Role of the State in Liberal Market Economies. Peter A. Hall, 2015, Book Chapter.  "This chapter reviews the principal developments affecting the states that preside over liberal market economies in the decades since World War II. After considering the perspectives offered by modernization, neocorporatist, and varieties of capitalism literatures on the liberal state, it reviews the relatively interventionist policies of a Keynesian era running into the 1970s. It summarizes the principal reforms of the neoliberal era that began in the 1980s, arguing that neoliberal discourse undermined the authority of the state, while policies based on privatization..." Link