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Masters of the Universe describes neoliberalism's road to power, beginning in interwar Europe but shifting its center of gravity after 1945 to the United States, especially to Chicago and Virginia, where it acquired a simple clarity that was developed into an uncompromising political message. Neoliberalism was communicated through a transatlantic network of think tanks, businessmen, politicians, and journalists that was held together by Friedrich Hayek and Milton Friedman. After the collapse of Bretton Woods in 1971, and the "stagflation" that followed, their ideas finally began to take hold as Keynesianism appeared to self-destruct. Later, after the elections of Reagan and Thatcher, a guileless faith in free markets came to dominate politics.
Fascinating, important, and timely, this is a book for anyone who wants to understand the history behind the Anglo-American love affair with the free market, as well as the origins of the current economic crisis.
Customer ReviewsMost Helpful
By Allen on 01-02-13
Biased - Good and Bad
What disappointed you about Masters of the Universe?
Daniel Stedman Jones does a decent job in diving deeply into the history and ideas. The problem is that time after time after time his bias, he is part of Demos, shines far too brightly. Too often it results in questionable characterizations of historical events. If you're looking for a different viewpoint on Hayek, Friedman and others you will find it here. The problem is the accuracy of its conclusions are questionable.
7 of 12 people found this review helpful