ABSTRACT

In this book, John Marangos offers an insightful analytical and theoretical review of the Washington Consensus and its successors among the mainstream. Following an intuitive structure, it explores international development and the Washington Consensus, as a critique through the lenses of Neoclassical economics, Post Keynesian economics, Institutional economics, and Marxist economics. Ultimately, it provides a compelling alternative perspective to the dominant development paradigm, and enables readers to identify the interconnections, interrelationships, and intercontradictions between different frameworks and policies.

It will be a valuable supplementary reading for students, researchers, and policymakers in international development, development economics, heterodox economics, and the history of economic thought.

chapter 1|29 pages

Introduction

International development and the Washington Consensus

chapter 2|30 pages

The evolution of the Washington Consensus

chapter 3|42 pages

Neoliberal economics and international development

The neoclassical response to the Washington Consensus

chapter 5|40 pages

Post Keynesian economics and international development

The Post Keynesian response to the Washington Consensus

chapter 6|32 pages

Institutional economics and international development

The institutional response to the Washington Consensus

chapter 7|26 pages

Marxist economics and international development

The Marxist response to the Washington Consensus