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THE EMBODIMENT OF NEOLIBERALISM.pdf (291.77 kB)

The embodiment of neoliberalism: exploring the roots and limits of the calculation of arbitrage in the entrepreneurial function

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journal contribution
posted on 2017-12-19, 10:36 authored by Simon Lilley, Geoff Lightfoot
How has neoliberalism achieved its sway? We address this question by tracing an alternative history of the economic theorization of ‘entrepreneurship’ that reveals the extent to which sociological transformation is attendant upon the construction, dissemination and change of the concepts of economy. Surveying the theoretical works of luminaries such as Kirzner, Mises and Simmel and reading them alongside ethnographies of the practices that instantiate a neo-liberal world we see the ways in which entrepreneurship is fashioned, realized and ramified and, in so doing, reveal new fault lines for exploitation by those who would rather seek to escape its pernicious embrace. For it is the notion of entrepreneurship that enables both the functioning of an apparently objective market to best deploy societal resources and the continuing capture of the benefits of such by a privileged elite who seemingly bear its mark in the most vivid of terms. By unpacking entrepreneurship we unpack the market, which is a vital first step in any attempt to trammel its seemingly inevitable and unstoppable march through an otherwise undefended social.

History

Citation

Sociological Review, 2014, 62 (1), pp. 68-89 (22)

Author affiliation

/Organisation/COLLEGE OF SOCIAL SCIENCES, ARTS AND HUMANITIES/School of Business

Version

  • AM (Accepted Manuscript)

Published in

Sociological Review

Publisher

SAGE Publications (UK and US)

issn

0038-0261

eissn

1467-954X

Acceptance date

2013-04-18

Copyright date

2014

Available date

2017-12-19

Publisher version

http://journals.sagepub.com/doi/10.1111/1467-954X.12079

Language

en

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