The Limits of Neoliberalism: Authority, Sovereignty and the Logic of Competition (Published in association with Theory, Culture & Society)

"Brilliant... explains how the rhetoric of competition has invaded almost every domain of our existence.” - Evgeny Morozov, author of To Save Everything, Click Here "A sparkling, original, and provocative analysis of neoliberalism... a distinctive account of the diverse, sometimes contradictory, conventions and justifications that lend authority to the extension of the spirit of competitiveness to all spheres of social life." - Professor Bob Jessop, University of Lancaster "In a world that seems to lurch from one financial crisis to the next, this book questions both the sovereignty of markets and the principles of competition and competitiveness that lie at the heart of the neoliberal project." - Professor Nicholas Gane, University of Warwick Since its intellectual inception in the 1930s and its political emergence in the 1970s, neo-liberalism has sought to disenchant politics by replacing it with economics. This agenda-setting text examines the efforts and failures of economic experts to make government and public life amenable to measurement, and to re-model society and state in terms of competition. In particular, it explores the practical use of economic techniques and conventions by policy-makers, politicians, regulators and judges and how these practices are being adapted to the perceived failings of the neoliberal model. By picking apart the defining contradiction that arises from the conflation of economics and politics, this book asks: to what extent can economics provide government legitimacy? This Text Examines The Efforts And Failures Of Economic Experts To Make Government And Public Life Amenable To Measurement, And To Re-model Society And State In Terms Of Competition. It Explores The Practical Use Of Economic Techniques And Conventions By Policy-makers, Politicians, Regulators And Judges And How These Practices Are Being Adapted To The Perceived Failings Of The Neoliberal Model. The Disenchantment Of Politics: Neoliberalism, Sovereignty And Economics. -- The Promise And Paradox Of Competition: Markets, Competitive Agency And Authority. -- The Liberal Spirit Of Economics: Competition, Anti-trust And The Chicago Critique Of Law. -- The Violent Threat Of Management: Competitiveness, Strategy And The Audit Of Political Decision. -- Contingent Neoliberalism: Financial Crisis And Beyond. -- Afterword: Critique In And Of Neoliberalism. William Davies. Includes Bibliographical References And Index. "Since its intellectual inception in the 1930s and its political emergence in the 1970s, neo-liberalism has sought to disenchant politics by replacing it with economics. This agenda-setting text examines the efforts and failures of economic experts to make government and public life amenable to measurement, and to re-model society and state in terms of competition. It explores the practical use of economic techniques and conventions by policy-makers, politicians, regulators and judges and how these practices are being adapted to the perceived failings of the neoliberal model. By picking apart the defining contradiction that arises from the conflation of economics and politics, this book asks: to what extent can economics provide government legitimacy?"-- Provided by publisher Cover Page 1 Halftitle 3 Theory, Culture & Society 4 Title 5 Copyright 7 Contents 9 About the author 10 Acknowledgements 11 Preface 13 1 The Disenchantment of Politics: Neoliberalism, sovereignty and economics 17 2 The Promise and Paradox of Competition: Markets, competitive agency and authority 42 3 The Liberal Spirit of Economics: Competition, anti-trust and the Chicago critique of law 69 4 The Violent Threat of Management: Competitiveness, strategy and the audit of political decision 97 5 Contingent Neoliberalism: Financial crisis and beyond 126 Afterword: Critique in and of Neoliberalism 156 References 166 Index 175 An engaged and impassioned exploration of the extent to which neoliberalism has succeeded in replacing politics with economics. Can economics continue to provide government legitimacy?