TY - JOUR
TI - Liberalism or neoliberalism in the economic policy
AU - Ładyka, Stanisław
TI - Liberalism or neoliberalism in the economic policy
AB - Socio-economic development is driven both by the external circumstances and economic policy, which has a distinct history. Neoliberalism, which favours radical variant of the free-market economy, has underpinned the economic policy in developed countries. The proponents of neoliberalism often refer back to the origins of liberal economic thought and to Adam Smith. Yet, the fact remains that they go further than the father of liberalism. The aim of the article is to discuss liberalism and neoliberalism in the context of theory and social practice. It presents the evolution of the interpretation of the notion of economic liberalism. Neoliberalism, as practised in the globalised world economy, has made economic contradictions and imbalances even more acute, which is borne out by the current crisis. This fact is highlighted by many politicians and economists.
VL - 2012
IS - Volume 31(2)
PY - 2014
SN - 2300-6102
C1 - 2353-9496
SP - 11
EP - 23
DO - 10.4467/23539496IB.12.001.2626
UR - https://ejournals.eu/en/journal/ibage/article/liberalizm-czy-neoliberalizm-w-polityce-gospodarczej-panstwa
KW - liberalism
KW - neoliberalism
KW - interventionism
KW - “invisible hand of the market”
KW - economic policy