Abstract
This paper is a contribution to the current debate whether neoliberalism has ‘ended’. It builds on a 2021 paper in the ARPE which tied the working of the neoliberal political economy to the interplay of positive real rates and options price theory (Mix 2021). For the paper at hand, I enlarge the context of said observation and define neoliberalism as a political economy based on the believe in self-regulating financial markets’ capacity to produce money out of money by itself. The paper then argues that this definition implies a criterium by which one could mark the ‘end’ of neoliberalism. This criterium would be negative real interest rates.The paper then applies this criterium to the factual political economy of the last 40 years or so to test it.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
