Market Privilege: The Place of Neoliberalism in American Political Development

Abstract

AbstractSince the 1970s, the neoliberal worldview has become reflected increasingly in the policy ideas and institutional innovations advanced by both major parties in the United States. This is most obvious in the realm of economic and social policy, but especially evident at the subnational level, particularly in the city. I argue that neoliberalism, as an ideology, a set of policy prescriptions, and institutional designs, is conceptually distinct from liberalism, especially in its “New Deal” form, social democracy, and from conservatism. Moreover, it is having a developmental effect—neoliberal ideas and institutions have proved durable. This article argues that an urban lens most strikingly reveals the presence of a neoliberal political order that has also made its mark on national political institutions, particularly in the American political economy.