What’s not to love about non-sense like this:
Neo-liberalism was far more ideological in temper than social democracy. It had a master theorist, Friedrich Hayek. And it had a faith: the wisdom of the market. Even though nowhere were the ideas of neo-liberalism fully implemented, for 30 years it provided the most important Western policy program and the dominant version of what passed for common sense.
The era of neo-liberalism brought great prosperity to many Western and some non-Western countries. But it also brought great instability and, especially in the US, levels of inequality not seen since the 20s. Nor did it offer a plausible solution to the intractable problem of extreme poverty in the Third World.
The writer, of course, is a tenured professor seemingly with not an ounce of intellectual history / history of economic thought in his little noggin.
Hayek gets blamed for the failures of the anti-Hayekian macroeconomics & central bankers, and for the failure of the anti-Hayekian development economists & foreign aid bureaucrats. Lovely.
UPDATE: Link fixed.