(excerpt from an article by Japhy
Wilson)
[…]
The neoliberal neurosis is
shared by other seemingly ‘reformed’ neoliberals, such as Joseph Stiglitz and
Paul Krugman. Like Sachs, Stiglitz has made a name for himself as a critic of
economic orthodoxy, while remaining wedded to neoliberal fundamentals, serving
as Chief Economist of the World Bank from 1997 to 2000, and masterminding its
transition from the Washington Consensus to the Post-Washington Consensus.
Similarly, in contrast to his
current incarnation as a reborn ‘Keynesian’, Krugman served as an economic
advisor in the Reagan administration, and played a key role alongside Sachs and
Stiglitz in the development of ‘globalization with a human face’, which has
been so central to the legitimation of the neoliberal project.
[…]
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