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E-ISSN : 2249 - 4642 | P-ISSN: 2454 - 4671



The Advent of Neoliberal Capitalism Over The 20th Century

Vridhi Sharma

Volume: 11 Issue: 3 2021


In this paper, I have attempted to trace the emergence of neoliberal capitalism as an economic system pertaining to the foundations of classical liberalism of the 18th century. The paper essentially draws a comparative analysis of the Keynesian theory of government intervention in economic activity as opposed to Hayek's conceptualization of free-market capitalism, while tracing the advent, trajectory and scope of neoliberal capitalism in the global context.

DOI: http://doi.org/10.37648/ijrssh.v11i03.028

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