New left and politics of novelty

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JournalECONOMIC AND POLITICAL WEEKLY
DatePublished - 27 Mar 1998
Issue number12
Volume33
Number of pages4
Pages (from-to)667-670
Original languageEnglish

Abstract

Liberalism has always had great trust in the power of the market, a trust so great that it abandoned the study of the social constitution of the market by claiming it was governed by an invisible hand. Marx, and the tradition based on his writings, provided a critique of invisible principles. This critique has been abandoned by theories of globalisation. New left inquiries, the politics of novelty, have become part and parcel of neo-liberalism's worship of invisible principles.

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