The 2008 crisis killed none of the economic ideas that caused it

Evidence

In the throes of the red-misted nightmare, it looks as if the crisis, otherwise so virulent and corrosive, didn’t manage to kill even one spurious economic notion. This is not exactly news. John Quiggin has entertainingly dubbed the phenomenon Zombie Economics, and deserves kudos for stressing this point. Incongruously, Friedrich Hayek’s Road to Serfdom has returned to best-seller lists after a long hiatus. Even Ayn Rand has apparently enjoyed a new lease on (undead) life. One can readily agree with Colin Crouch: “What remains of Neoliberalism after the financial crisis? The answer must be ‘virtually everything.’” — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 44

Categorization

• XREF: Connects to Quiggin’s Zombie Economics and Crouch’s argument; the thought-collective theme mirrors the reader’s stated goal of tracing how neoliberalism survived. — connects to: The 2008 crisis was fundamentally private-sector, not state profligacy. — Mark Blyth, Austerity: The History of a Dangerous…, 86; Bailouts persisted because nobody could admit the economy was ungovernable — Max Haiven, Cultures of Financialization, 545; The 2008 crisis discredited efficient-market economists in public policy debate — Mark Blyth, Austerity: The History of a Dangerous…, 158 (+7 more)
• SEED: Could anchor an essay on why failed crisis theories return to bestseller status — the mechanics of intellectual afterlife.

Broader Connections

• The 2008 crisis was expected to falsify neoliberal doctrine but did not #corroborates (0.92) — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 80
• The 2008 crisis invalidated the preceding thirty years of financial orthodoxy #contradicts (0.85) — Mark Blyth, Austerity, 133
• The 2008 crisis discredited efficient-market economists in public policy debate #contradicts (0.80) — Mark Blyth, Austerity, 158