The Social Economics of Neoliberal Globalization |
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Authors: | James Ronald Stanfield Michael C Carroll |
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Institution: | (1) Bowling Green State University, Bowling Green, OH, USA |
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Abstract: | The recent period of intensive and extensive development of global economic integration, or globalization, has reached a crossroads.
The regime of the neoliberal Great Capitalist Restoration is not sustainable and fundamental governance changes must be made.
This paper adds perspective to the choices that must be made at this critical juncture of the global social economy by applying
the master concepts of Schumpeter’s Creative Destruction and Polanyi’s Protective Response.
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Keywords: | Neoliberalism Globalization Social economics Schumpeter Polanyi Great capitalist restoration |
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