Remaking Market Society: A Critique of Social Theory and Political Economy in Neoliberal Times, 1st Edition (Hardback) book cover

Remaking Market Society

A Critique of Social Theory and Political Economy in Neoliberal Times, 1st Edition

By Antonino Palumbo, Alan Scott


236 pages | 1 B/W Illus.

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Hardback: 9780415837736
pub: 2017-06-29
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Neoliberalism has been one of the most hotly contested themes in academic and political debate over the last 30 years. Given the global and persistent influence of neoliberal ideas on contemporary styles of governance, social-service provision, and public policy, this intensive interest is understandable. At the same time, the use of the term has become loose, vague, and over-extended, particularly in the extensive critical literature. Rather than engage in further critique, or in the reconstruction of the history of neoliberalism, this volume seeks to bring analytical clarity to the ongoing debate.

Drawing inspiration from the work of the Hungarian economic historian, Karl Polanyi, Remaking Market Society combines critique, original formulations, and case studies to form an analytical framework that identifies the key instruments of neoliberal governance. These include privatization, marketization, and liberalization. The case studies examine the development of neoliberal instruments (reform of the British civil service); their refinement (reform of higher education in England and Wales); and their dissemination across national borders (EU integration policies). Rather than look back nostalgically on the post-war welfare-state settlement, in the final chapter the authors ask why the coalitions that supported that settlement broke down in the face of the neoliberal reform movement.

This highly original work offers a distinctive transdisciplinary approach to political economy, and therefore is an important read for students and academics who are interested in political economy as well as social theory and political philosophy.

Table of Contents



Modernity: continuity and change

1 Social theory as critique of political economy: the Polanyian synthesis and its influence

2 Theories of the second modernity: a critique

3 A modernist counternarrative


Models and cases: the New Public Management template

4 New Public Management and the British civil service: setting the template of a complex policy instrument

5 Refining the template: NPM in British higher education

6 Exporting the template: EU integration policies and the diffusion of the NPM template

7 Conclusion: is knowledge the new fictitious commodity?

Appendix 1

Appendix 2



About the Authors

Antonino Palumbo is a political theorist who works on globalization, the transformation of governance and the implications of changes in state steering for modern representative democracies. Since 2002 he has been teaching at Palermo University (Italy), where he is an associate professor in political philosophy.

Alan Scott is Professor in the School of Behavioural, Cognitive, and Social Sciences, University of New England, Australia, and Adjunct Professor of Sociology at the University of Innsbruck, Austria. He has taught and researched at universities in the UK, Austria, Australia, and France, and his main research interests are in the fields of political sociology and social theory.

About the Series

Routledge Frontiers of Political Economy

In recent years, there has been widespread criticism of mainstream economics. This has taken many forms, from methodological critiques of its excessive formalism, to concern about its failure to connect with many of the most pressing social issues. This series provides a forum for research which is developing alternative forms of economic analysis. Reclaiming the traditional 'political economy' title, it refrains from emphasising any single school of thought, but instead attempts to foster greater diversity within economics.

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Subject Categories

BISAC Subject Codes/Headings:
BUSINESS & ECONOMICS / Economics / Theory
POLITICAL SCIENCE / Economic Conditions