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Masters of the Universe: Hayek, Friedman, and the Birth of Neoliberal Politics Hardcover – 16 Sep 2012

4.2 out of 5 stars 5 customer reviews

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Product details

  • Hardcover: 432 pages
  • Publisher: Princeton University Press (16 Sept. 2012)
  • Language: English
  • ISBN-10: 0691151571
  • ISBN-13: 978-0691151571
  • Product Dimensions: 15.5 x 3.3 x 23.4 cm
  • Average Customer Review: 4.2 out of 5 stars  See all reviews (5 customer reviews)
  • Amazon Bestsellers Rank: 656,343 in Books (See Top 100 in Books)
  • See Complete Table of Contents

Product Description

Review

[I]mportant. . . . [A] beguilingly erudite old-fashioned read.--Stephen Matchett "Australian "

Stedman Jones . . . describes the scene with remarkable accuracy, including its financial underpinning and its ties with conservatism.--Karen Horn "Standpoint "

[I]ntelligent.--Kenneth Minogue "Wall Street Journal "

[A] lucid, richly detailed examination of the evolution of the free market ideology since the end of World War II.--Glenn C. Altschuler "Pittsburgh Post-Gazette "

[A] good read. . . . The deep history of neo-liberal thought is fascinating.--Andrew Hilton "Financial World "


[I]ntelligent.
--Kenneth Minogue "Wall Street Journal "


[I]mportant. . . . [A] beguilingly erudite old-fashioned read.
--Stephen Matchett "Australian "


Stedman Jones . . . describes the scene with remarkable accuracy, including its financial underpinning and its ties with conservatism.
--Karen Horn "Standpoint "


[A] lucid, richly detailed examination of the evolution of the free market ideology since the end of World War II.
--Glenn C. Altschuler "Pittsburgh Post-Gazette "


[A] good read. . . . The deep history of neo-liberal thought is fascinating.
--Andrew Hilton "Financial World "

Clearly written and relevant to a wide audience.--Daniel Ben-Ami "Financial Times Wealth "

"Masters of the Universe" is a firm brief for the independent, causal power of ideas to shape history. . . . [It] does much to help explain the aftermath of 2008 and the ways in which political responses that might have defined another era seem unthinkable in ours.--Jennifer Burns "American Prospect "

His lengthy exposition of the views shared by these outstanding economists might encourage many to pay attention to their works.--Alejandro Chafuen "Forbes "

This is a timely history of the Anglo-American love affair with the market and the origins of the current economic crisis.--Keith Richmond "Tribune "

Shortlisted for the 2012 Gladstone Prize, Royal Historical Society


Shortlisted for the 2012 Gladstone Prize, Royal Historical Society



Finalist for the 2014 Presidents' Book Award, Western Social Science Association

Shortlisted for the 2012 Gladstone Prize, Royal Historical Society


Finalist for the 2014 Presidents' Book Award, Western Social Science Association
Shortlisted for the 2012 Gladstone Prize, Royal Historical Society

"[A] terrific book. . . ."--"Enlightened Economist"

"[A] terrific book."--"Enlightened Economist"

"[A] terrific book."--"Enlightened Economist"


"[I]ntelligent."--Kenneth Minogue, "Wall Street Journal"

""Masters of the Universe" is a firm brief for the independent, causal power of ideas to shape history. . . . [It] does much to help explain the aftermath of 2008 and the ways in which political responses that might have defined another era seem unthinkable in ours."--Jennifer Burns, "American Prospect"

Finalist for the 2014 Presidents Book Award, Western Social Science AssociationShortlisted for the 2012 Gladstone Prize, Royal Historical Society"

"[I]ntelligent."--Kenneth Minogue, Wall Street Journal

"In impressive fashion, Jones analyzes the impact of free market economics and deregulation on political leaders in Washington, D.C., and London since the 1970s. . . . [A]nyone intrigued by the intersection of economic theory and political affairs will appreciate this learned, detailed book."--Publishers Weekly

"A cerebral, pertinent exegesis on the thinking behind the rise of the New Right. . . . [A] valuable study that helps flesh out the caricature of conservatives as only believing 'greed is good.'"--Kirkus Reviews

"[I]mportant. . . . [A] beguilingly erudite old-fashioned read."--Stephen Matchett, Australian

"Stedman Jones . . . describes the scene with remarkable accuracy, including its financial underpinning and its ties with conservatism."--Karen Horn, Standpoint

"Mr. Stedman Jones offers a novel and comprehensive history of neoliberalism. It is tarred neither by a reverence for the heroes, nor by caricature, for he is a fair and nuanced writer. This is a bold biography of a great idea."--Economist

"[A] lucid, richly detailed examination of the evolution of the free market ideology since the end of World War II."--Glenn C. Altschuler, Pittsburgh Post-Gazette

"[A] good read. . . . The deep history of neo-liberal thought is fascinating."--Andrew Hilton, Financial World

"Clearly written and relevant to a wide audience."--Daniel Ben-Ami, Financial Times Wealth

"Masters of the Universe is a firm brief for the independent, causal power of ideas to shape history. . . . [It] does much to help explain the aftermath of 2008 and the ways in which political responses that might have defined another era seem unthinkable in ours."--Jennifer Burns, American Prospect

"His lengthy exposition of the views shared by these outstanding economists might encourage many to pay attention to their works."--Alejandro Chafuen, Forbes

"This is a timely history of the Anglo-American love affair with the market and the origins of the current economic crisis."--Keith Richmond, Tribune (U.K.)

"[T]his is an insightful, substantive historical account of the Anglo-American political economy underpinning the conservative economic agendas of the Thatcher and Reagan administrations."--Choice

"Jones gives us the best kind of intellectual history, showing the interplay of ideas, ideology and nascent political movements. The book should be lauded for illustrating that the history of ideas is not straightforward, and a big idea can be bent towards something that its originators might not have imagined."--Joel Campbell, International Affairs

"[T]his ambitious book is one of the very best histories we have of the development of neoliberal ideas and ideology before the era of Thatcher and Reagan."--W. Elliot Brownlee, Journal of American History

"[A] terrific book."--Enlightened Economist

Finalist for the 2014 Presidents' Book Award, Western Social Science Association

Shortlisted for the 2012 Gladstone Prize, Royal Historical Society

From the Back Cover

"Daniel Stedman Jones has an unusual talent--making the history of economic thought fascinating and significant. In tracing the evolution of neoliberal ideas and their implementation in public policy in Britain and the United States, he does a superb job of helping us understand both the last half-century of Atlantic history and the origins of the current crisis. No book could be more timely."--Eric Foner, Columbia University

"Daniel Stedman Jones captures brilliantly the interaction between ideas and events in this compelling history of the rise of Thatcherism and Reaganism. He displays a willingness, unusual in a historian, to treat economic ideas seriously, and not just as weapons in a political struggle. In the light of the economic collapse of 2007-2008, the intellectual debates of the 1970s and 1980s, brought so vividly to life here, are as fresh as they were at the time."--Robert Skidelsky, author of Keynes: Return of the Master

"Daniel Stedman Jones shows how neoliberalism gained ascendancy in both the United States and the United Kingdom. This timely book is a model of calmness, lucidity, and reasoned argument, intent on understanding neoliberalism rather than celebrating or condemning it out of hand."--Sean Wilentz, author of "The Age of Reagan: A History, 1974-2008"

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Customer Reviews

4.2 out of 5 stars
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Top Customer Reviews

By Antenna TOP 500 REVIEWER on 30 Sept. 2013
Format: Kindle Edition
The term "neoliberal" crept into mainstream journalism over the past two decades without being clearly defined. In the first and for me most effective chapters, Daniel Stedman Jones sets about redressing this omission by exploring Popper's focus on individualism, Von Mises's attack on state bureaucracy, and Hayek's rejection of government intervention and central planning, not merely in "collectivist" Communist states but also in Roosevelt's "New Deal" and the Keynesian demand management of the US and the UK post-war up to the 1970s. Although very repetitive, this approach serves both to reinforce points and to assist students using this as a reference book.

After a dry chapter on the growth of "think tanks" as a means of embedding neoliberal belief in the free market for adoption by governments when the time is ripe, Stedman Jones moves on to compare Keynesianism with the monetarism favoured by neoliberals. He relies heavily on quotations from the neoliberal Friedmann without supplying basic explanations of say, the relationship between the money supply and interest rates, or the quantity theory of money, all necessary for readers with a rudimentary or rusty grasp of economics. The author is described as a barrister and PhD in history. This does not preclude a grasp of economics and a multi-disciplinary approach may give breadth and balance, but I found his economic analysis either lacking or unclear.

The "Neoliberal breakthrough of 1971-84", describing how even the left-wing governments of Callaghan and Carter introduced attempts to control the money supply, is more readable, but here again there are too many lengthy quotations and not enough definitions e.g.
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Format: Hardcover Verified Purchase
An excellent book that covers the development of neo liberal economic but also social and political thought. The author also gives good historical references which gives a much deeper level of understanding for the reader.
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Format: Hardcover
This is a wonderful book. It is a thoughtful, well written and (most importantly) balanced view of the history of neo-liberalism. Stedman Jones has a thorough grasp of the underlying economic theory and sets it out clearly - but he goes further than that and is at his most acute when analysing how that theory translated into politics and policy making. This book is a timely intervention and is likely to remain indispensible for anyone with an interest in this area for some time to come.
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It is a very well written and informative book. Unfortunately it does not deal with the old objections raised by the Bank of England on the manipulation of the data allowing the "correlations" of Friedman and Co. . The name of N. Kaldor is never mentioned. Read this book after having red Kardor. The scourge of monetarism.Of course Kaldor and his respect for facts was not worth a "Nobel" in economics. The cisis goes on.
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All the detail from a historical stand without political bias. Was on Thinking Allowed 16/01/2013, still available on BBC Thinking Allowed website.
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