The Rise and Fall of the Neoliberal Order

A FINANCIAL TIMES BEST BOOK OF 2022 A PROSPECT BEST BOOK OF 2022 "Fascinating and incisive." -- Jennifer Szalai, The New York Times "Enlightening . . . Gerstle carefully recreates the new order Reagan wanted . . . [and] emphasizes its market side . . . [A] fine book." -- The New York Times Book Review "It's rare that one can use the term instant classic in a book review, but Gary Gerstle's latest economic history, The Rise and Fall of the Neoliberal Order, warrants the praise." -- Rana Foroohar, Financial Times "Gerstle offers a rich and sophisticated discussion of neoliberalism . . . an important and beautifully written book." -- The Washington Post "His American focus might also finally allow British readers to escape their factional trenches and appreciate the shape of neoliberalism. It is a terrific service . . . . a joy to read." -- Tom Clark, Prospect "Masterfully blends compelling analysis with a propulsive narrative." -- Irish Times "Brilliantly conceived, capaciously argued, and written with great clarity . . . For those interested in a meaningful historical perspective on where we are now, I can think of no better book." -- Steven Hahn, The Nation "A cogent, erudite historical analysis." -- Kirkus Reviews "[A] splendid and stimulating history of neo-liberalism's rise and possible 'fall.'" -- Australian Book Review "This book is an interesting account of what is exceptional about "America"." -- Michael Laver, Society "Essential reading." -- Adam Tooze, author of Crashed "One of the smartest, most perceptive books I've read in years." -- Christopher Leonard, author of The Lords of Easy Money "Anyone baffled at how the U.S. could possibly have moved over a half-century from embracing a state-centered New Deal to relentlessly unraveling it will be greatly enlightened by Gerstle's beautifully written, engrossing, and powerful telling of the rise of the neoliberal order. And some may take heart from his claim that it too is in free-fall, albeit leaving behind enduring vestiges of free market orthodoxy. I know no better guide to the complex transformations that have shaped our own times." -- Lizabeth Cohen, Howard Mumford Jones Professor of American Studies, Harvard University, and author of Saving America's Cities "The Rise and Fall of the Neoliberal Order finds a master historian at the top of his craft. By identifying Clinton as the key facilitator, Gerstle is the first historian to so compellingly show how and why neoliberal ideas were installed in a new political order. With no less acuity, Gerstle also shows the neoliberal order cracking up over the last decade. What happens next? I know of no better political history of our times to help answer that question than this gem of a book." -- Jonathan Levy, Professor of History, University of Chicago "Gerstle's important book offers us an illuminating and rich interpretation of the power and popularity of neoliberalism in America. A true history of the movement, situating neoliberalism in relation to classical liberalism, the New Deal and global Communism. Essential reading." -- Adam Tooze, Kathryn and Shelby Cullom Davis Professor of History, Columbia University "Expertly synthesizing a vast body of new scholarshipDLon international trade, the Cold War, race, polarization, Ralph Nader, the labor movement, and the rise of conservatismDLGary Gerstle delivers the most compendious and commanding history of neoliberal America to date. Along the way he opens new windows on the unexpected collaboration between Bill Clinton and Newt Gingrich in deregulating America into the internet future. Gerstle also provides the best account I've read of how "neoliberal" came to be the word of choice for an order that promises liberation and delivers subjection, that divides our two parties on some issues but conjoins them on others." -- Corey Robin, Distinguished Professor of Political Science, Brooklyn College and the CUNY Graduate Center "Among the foremost chroniclers of the American past, Gary Gerstle deploys in this bold book the powerful notion of 'political order' to examine our most recent historyDLthe past forty years when the nation fastened its fortunes to marketization, global economic integration, a harsh penal state and sharpening inequality. By charting the rise and fall of the neoliberal order, this fast-paced account helps us make sense of the arch of American history from Ronald Reagan to Bernie Sanders, from Bill Clinton to Donald Trump. A must read for anyone interested in the world we inhabit today, with all its mortal dangers and yet-to-be fulfilled promises." -- Sven Beckert, Laird Bell Professor of History, Harvard University "Gary Gerstle offers a brilliant, engaging, and provocative first-draft history of the last half century, a period sorely in need of scrutiny. With characteristic big-think flair, he shows that the neoliberal wisdom of that eraDLthat markets would bring democracy, that the age of big government was overDLemerged from specific historical forces and circumstances. He also suggests that many of those ideas can and should now be consigned to the past." -- Beverly Gage, Professor of History & American Studies, Yale University "Just beneath the surface of our fractured and polarized polity, Gary Gerstle argues that there has been a Neoliberal Order under which both parties worked in the 1990s and early 2000s. Even as they bitterly disagreed, the nation's political debate moved far away from the class-based pillars of the New Deal. In another of his characteristically eye-opening analyses, Gerstle takes readers through the rise and fall of the political order that has shaped our leaders and electorateDLthat is, until powerful forces over the past decade, on the right and left, have opened the door to a new era." -- Julian Zelizer, author of Abraham Joshua Heschel "Gerstle, a political historian specializing in contemporary history of the U.S., provides a comprehensive political history of the U.S. over the past six decades (Gerstle 2022)...Full of revelations." -- Thomas König, Austrian Journal of Political Science "Southern historians might best use it as a provocation for graduate students regarding the role of the South in the rise and decline of neoliberalism." -- William D. Goldsmith, Journal of Southern History "Gerstle's book has achieved the rare feat of both critical success and popular acclaim, having been shortlisted for the FT Business Book of the Year Award in 2022. It deserves it." -- The OEconomia