Abstract
This chapter examines the development of neoliberal ideas in a context of austerity. It begins with an overview of the key features of neoliberalism, focusing on two key beliefs at the heart of neoliberal ideas: the supremacy of the market (as the most effective means established for the distribution of resources) and a belief in liberty (freedom from state or other interference) as the supreme social and political value. It then considers F. Hayek's influence on the modern development of neoliberal thought, the nature and role of the state in neoliberalism, and the rhetoric of meritocracy. It also explores the austerity measures introduced by the UK coalition government from 2010 and how they reconstructed and re-engineered the country's welfare state. Finally, it analyses social work's place in this new era of neoliberalism and austerity.
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