'After' the Crisis: morality plays and the renewal of business as usual

Tombs, Steve (2016). 'After' the Crisis: morality plays and the renewal of business as usual. In: Whyte, David and Wiegratz, Jorg eds. Neoliberalism and the Moral Economy of Fraud. London: Routledge, pp. 31–43.

URL: https://www.routledge.com/Neoliberalism-and-the-Mo...

Abstract

It is commonly observed that central to neo-liberal political economy are claims that markets are best when "freer", that state and public sector activity are relatively inefficient, and that states' attempts to regulate private economic activity should be kept to a minimum. If these claims have political and economic dimensions, their key moral dimensions are less often subject to comment. Moreover, as noted by Whyte and Wiegratz (this volume), it is crucial to understand the ways in which market values are translated into, and then reproduced through, societal values - and that is precisely one focus of this chapter. More specifically, following MacLennan ( cited in ibid.), it seeks to show how this dominance of market values as societal values is key to understanding the power of "anti-regulation" sentiments and practices.

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