Neoliberal ideas were displaced by Keynesianism only briefly

Evidence

The crisis may have shaken neoliberal efficient-market ideas, but to replace them all with global Keynesian stimulus was another matter entirely. Yet that seems to have been just what happened—for about twelve months. — Mark Blyth, Austerity, 157

Categorization

• XREF: Directly relevant to Mattei’s argument about the brief, contained moment of fiscal expansion before austerity returned. — connects to: Early neoliberals steered boom policy while Keynesians amended busts — Dieter Plehwe, Quinn Slobodian & Philip Mirowski (eds.), Nine Lives of Neoliberalism, 394; Monetarism displaced Keynesianism through a staged diffusion across elite institutions; Keynesianism displaced austerity because it explained normal times, not just slumps — Mark Blyth, Austerity: The History of a Dangerous…, 340 (+10 more)

Broader Connections

• Early neoliberals steered boom policy while Keynesians amended busts #corroborates (0.85) — Dieter Plehwe, Quinn Slobodian & Philip Mirowski (eds.), Nine Lives of Neoliberalism, 394
• European officials pushed austerity during the G20 and ended global Keynesianism #contradicts (0.85) — Mark Blyth, Austerity, 173
• Keynesianism displaced austerity because it explained normal times, not just slumps #qualifies (0.80) — Mark Blyth, Austerity, 340
• Think tanks slowly displaced Keynesianism with free-market doctrine in Britain #corroborates (0.80) — Hall, Stuart, Essential Essays, Volume 1, 1108
• Postwar economics expansion made neoliberalism appear outdated and marginal. #corroborates (0.80) — Philip Mirowski & Dieter Plehwe (eds.), The Road from Mont Pèlerin, 291
• Early neoliberals were mainstream in 1939 but marginal by 1945 #corroborates (0.80) — Dieter Plehwe, Quinn Slobodian & Philip Mirowski (eds.), Nine Lives of Neoliberalism, 405
• The shift from Keynesianism to monetarism was engineered by decades of think-tank advocacy. #corroborates (0.80)
• Key Austrian works failed commercially while Keynesianism dominated economics #corroborates (0.80) — Mark Blyth, Austerity, 384
• Monetarism displaced Keynesianism through a staged diffusion across elite institutions #corroborates (0.75)