Prospect

Five books that defined neoliberal­ism

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The Road to Serfdom (1944) by Friedrich Hayek

In this short polemic, Hayek linked planning with totalitari­anism. Margaret Thatcher kept it in her handbag.

Atlas Shrugged (1957) by Ayn Rand

The Russian-born novelist hated communism and thought selfishnes­s a moral good. In this novel, John Galt leads a strike by “men of talent” to “stop the motor of the world.”

Capitalism and Freedom (1962) by Milton Friedman

Friedman became the face of monetarism and the free-market Chicago School. He lived until 2006, long enough to see his ideas become mainstream.

The World is Flat (2005) by Thomas Friedman

This manifesto for the benefits of globalisat­ion, by the New York Times columnist, caught the moment of neoliberal triumphali­sm just before the crash.

Dead Aid (2010) by Dambisa Moyo

How to help Africa? Make charity history, argues the Zambian-born economist, and instead let the continent embrace a deregulate­d free market.

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