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Neoliberalism, Economization and the Paradox of the New Welfare State

Bibliographic Data

ID4180969
AuthorsFrancesco Laruffa (0000-0003-4240-8162, University of Geneva, corresponding author)
Year2022
Volume63
Issue1
Pages131-163
Publication date2022-04-01
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueEuropean Journal of Sociology (JOURNAL)
Journal identifiersISSN: 0003-9756 • E-ISSN: 1474-0583
PublisherCambridge University Press (CUP) (PUBLISHER)
DOI10.1017/s0003975622000169
OpenAlexW4220672345
LanguageEN
Citations received25
References cited93

This paper theorizes the nature of neoliberal social policy, making three substantial contributions. First, processes of "economization" are identified as a central characteristic of neoliberalism: economization constitutes a "bridge" between Foucauldian and (neo-)Marxist accounts of neoliberalism - two perspectives that are in many respects hardly reconcilable - because extending the economic logic to non-economic areas (neoliberalism as a governmental rationality) also potentially increases the profit-making opportunities in previously uncommodified domains (neoliberalism as a capitalist project). Second, the paper links economization processes not only to projects of austerity and welfare retrenchment but also to the more generous "social investment" agenda. Third, the paper highlights the central paradox of neoliberal social policy, whereby higher degrees of economization are associated with more generous social policy: more "social" versions of neoliberalism are those that ironically downplay the social logic, transforming social policies into economic investments. The paper also discusses the problems related to economization in terms of de-democratization

Austerity · Neoliberalism (international relations · Retrenchment · Healthcare innovation and challenges · Housing, Finance, and Neoliberalism · Social Policy and Reform Studies

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Unique citing works25
Citations per year6,25
Citation span2022 - 2026 (5)
Citation velocitycurrent
Highly citedNo
Citation typesNeutral: 23

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