Working paper
Winning ideas : lessons from free-market economics
- Abstract:
-
For economic ideas to take root and change history, a number of ingredients need to be present, ranging from individual agents to policy implementation. This paper identifies certain strategic levers that underlay the success of free market economists in promoting their approach in academia, society, and government. How did these economists move from a marginalized position where they could not publish or receive tenure and where their students were not hired at other leading universities, to a position of dominance? In particular, it examines the impact of F.A. Hayek, and of such institutions as the Mont Pelerin Society, the Institute for Economic Affairs (IEA) in Britain, and the funding arrangements. The paper draws on the wealth of secondary literature regarding the spread of free market economic ideas, particularly in the US, Latin America, and the UK, to identify five strategic activities and methods of transmission that were central to their advance, and will be relevant to others.
- Publication status:
- Published
- Peer review status:
- Reviewed (other)
Actions
Authors
- Publisher:
- Oxford Poverty & Human Development Initiative (OPHI)
- Series:
- OPHI working paper
- Publication date:
- 2007-01-01
- Edition:
- Publisher's version
- ISSN:
-
2040-8188
- Paper number:
- 06
- ISBN:
- 9781907194009
- Language:
-
English
- Keywords:
- UUID:
-
uuid:b1e66d99-3c14-4bdd-89ae-6f1a9a0050e0
- Local pid:
-
ora:9394
- Deposit date:
-
2014-11-26
Terms of use
- Copyright holder:
- Oxford Poverty & Human Development Initiative
- Copyright date:
- 2007
- Notes:
- Copyright © Oxford Poverty & Human Development Initiative 2007. This publication is copyright, however it may be reproduced without fee for teaching or non-profit purposes, but not for resale. Formal permission is required for all such uses, and will normally be granted immediately. For copying in any other circumstances, or for re-use in other publications, or for translation or adaptation, prior written permission must be obtained from OPHI and may be subject to a fee.
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