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9781781000274

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'In a sobering account, Damien Cahill illuminates the true nature of neoliberalism and explains why and how it has been able to survive what some of us hoped would be its terminal crisis. His concept of embedded neoliberalism is indispensable for understanding the connection between ideas and class power.' - Fred Block, Research Professor of Sociology, University of California at Davis, US 'For those who expected neoliberalism to disappear, discredited by the global financial crisis, Cahill's penetrating analysis explains its resilience and offers a first-class account of its three decades as a socially embedded policy regime. Offering a materialist rather than idealist interpretation of neoliberalism, Cahill is able to explain why governments' apparently Keynesian responses to the crisis do not flag its demise. This is a must-read book for those who study or care about the direction of the world economy.' - Professor Verity Burgmann, Monash University, Australia. 'Damien Cahill has emerged as one of the most penetrating social scientists on the politics of neoliberalism in the advanced capitalist societies. In his new book, he brings his many years of pouring over policy documents to examine neoliberalism in the new 'age of austerity'. The result is an impressive survey of the history and debates about neoliberal policies. But more powerful is Cahill's hard-headed analysis of why neoliberalism may not simply be in decline, despite the great social disasters it has produced: the 'Great Recession' of 2008 only being the most spectacular. Cahill insists on what many are only beginning to realize: that a new progressive political economy will not emerge as a result of the 'failure of neoliberal ideas', but only when an alternative vision of society fuses with new organized forms of social resistance.' - Greg Albo, Department of Political Science, York University, Toronto, Canada 'Neoliberalism, we have learned, lives in crisis. Today, the most important questions about neoliberalism, for all its well-known flaws and limits, concern its institutional entrenchment and dogged reproduction. These are the driving questions in Damien Cahill's theoretically astute and politically savvy book. This bold and original analysis, drawing on Marx and Polanyi in equal measure, is heterodox political economy at its very best.' - Jamie Peck, University of British Columbia 'This book offers the clearest, most comprehensive, detailed, readable, insightful, sensible, balanced and systematic analysis of neoliberalism available today. This is an indispensible read for anyone interested in the most important topic on contemporary capitalism. Cahill offers the most convincing analysis of the origins, key features and limitations of neoliberalism, and the most promising examination of how it can be overcome. This book debunks myths, pierces illusions and suggests the most promising avenue for resistance against the current phase of global capitalism.' - Professor Alfredo Saad Filho, SOAS, University of London, UK

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Damien Cahill, Senior Lecturer in Political Economy, University of Sydney, Australia

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