Economics & Sociology

ISSN: 2071-789X eISSN: 2306-3459 DOI: 10.14254/2071-789X
Index PUBMS: f5512f57-a601-11e7-8f0e-080027f4daa0
Article information
Title: Roots and Paradoxes of the Neoliberal Apologetics
Issue: Vol. 9, No 1, 2016
Published date: 03-2016 (print) / 03-2016 (online)
Journal: Economics & Sociology
ISSN: 2071-789X, eISSN: 2306-3459
Authors: Mimo Draskovic
Keywords: neoliberal apologetics, methodological individualism, methodological holism, institutional pluralism
DOI: 10.14254/2071-789X.2016/9-1/14
Index PUBMS: 1c9e9301-0298-11e8-94c4-fa163e5d4f72
Language: English
Pages: 209-219 (11)
JEL classification: O17, P37

In both economic theory and practice, there is a dichotomy between individual behavior and institutional structure. It causes the problem of finding a non-conflict „co-evolution“ of individuals and institutions. Systemic motivation, the ways of business regulation and economic development directly depend on the degree of compliance between individuals and institutions. In this article we will try to explain the difference between the theoretical level, where methodological individualism and methodological holism irreconcilably distance themselves, and the practical level, where synthesis (institutional pluralism) between polarized institutional monisms becomes possible. Socioeconomic development essentially requires institutional pluralism, which per se excludes all forms of institutional monism and the existence of resulting alternative institutions. We can conclude that neoliberal apologetics can be called a specific form of neoliberal (elitist) dirigisme, because it indirectly justifies and protects quasi-neoliberal interests of the so-called „new elite“.