ABSTRACT

This chapter explores the role played by the European Bank for Reconstruction and Development (EBRD) as an 'organic intellectual' in the Gramscian sense, providing intellectual ballast for the hegemony of neoliberal reformers in post-communist transition. It illustrates the developing intellectual commitment of the EBRD to neoliberalism while interrogating the role of the EBRD in refining its strategies to maintain the disciplining power of neoliberalism. The chapter also explores how Gramsci's notion of the organic intellectual provides useful traction in explaining the activities of the EBRD. It periodises three waves of the EBRD's activities as organic intellectual of neoliberal 'common sense' in post-communist transition: the initial post-communist construction of the market; the configuration of the 'correct' socio-economic institutions; and the promotion of neoliberal formulations of competitiveness. The chapter chapter outlines the latest articulation of neoliberalism by the EBRD acting as organic intellectual in the aftermath of the 'global financial crisis'.