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War and strange non-death of neoliberalism

The military foundations of modern economic ideologies

Bibliographic Data

ID5034430
AuthorsTakeshi Nakano (0000-0003-0116-9732, The Ministry of Economy, Trade and Industry, the Japanese Government, corresponding author)
Year2021
Volume35
Issue2
Pages236-255
Publication date2021-06-01
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueInternational Relations (JOURNAL)
Journal identifiersISSN: 0047-1178 • E-ISSN: 1741-2862
PublisherSAGE Publications Inc (PUBLISHER)
DOI10.1177/0047117820978273
OpenAlexW3111758499
LanguageEN
Citations received1

This essay provides a hypothesis about how geopolitical environments significantly affect the rise and fall of modern economic ideologies. First, it articulates how the two world wars transformed political, social and ideological conditions into those favourable for the rise of Keynesianism. Second, it theoretically identifies the political and social foundations of Keynesianism with expanded state capacity, social cohesion and social equality, all of which were by-products of major wars. Third, it shows how the transformation of geopolitical environments and the change of the nature of warfare since the late 1960s undermined the political and social foundations of Keynesianism and paved the way for the rise and dominance of neoliberalism. By shedding light on military and geopolitical dimensions of international environments, our hypothesis well explains the sudden fall of Keynesianism in the 1970s and the current robustness of neoliberal dominance

Development economics · Dominance (genetics) · Economic system · Economics · Geopolitics · Hegemony · Ideology · Neoliberalism (international relations) · Political economy · Political science · Politics · Sociology · Defense, Military, and Policy Studies · Law

  • World politics, critical realism and the future of humanity

    Heikki Patomäki, Jamie Morgan•Journal of Critical Realism•2023

Unique citing works1
Citations per year0,33
Citation span2023 - 2023 (1)
Citation velocityhistorical
Highly citedNo
Citation typesNeutral: 1

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