Writing for a wide audience, Harvey here tells the political-economic story of where neoliberalization came from and how it proliferated on the world stage. He constructs a framework, not only for analyzing the political and economic dangers that now surround us, but also for assessing the prospects for more socially just alternatives.

The foregoing proposals are examples of inexpensive projects in science and technology in the developing countries; they are feasible even in a time of shrinking budgets. Although they are based on actually perceived needs, none of them is a certainty. They are no more than efforts to open the path of exploration, put forward with the intention of arousing the imagination and will of scientists and officials, governmental and academic.We still know little about the institutional workings of science. There is (...) no body of systematically studied experience available to us in such a domain as that discussed above. It is mainly through interest, enthusiasm, and above all a dogged perseverance and incessant readiness to try new things that we can make progress towards the goal. (shrink)

It is commonplace to say that the modern economy is knowledge based but a moment’s reflection points to the vacuity of this notion. For all economies are knowledge based and could not be otherwise. The question is rather how is one kind of knowledge based economy to be distinguished from another? This essay proposes that the answer may lie in three directions: (1) in terms of the variety of knowledge that is engaged; (2) in terms of the processes by which (...) the production of knowledge is organised, and its corollary the resources devoted to knowledge production and dissemination; and, (3) in terms of the purposes to which knowledge is put. In respect of each of these dimensions, the rise of the modern university as a custodian of knowledge in Western economy and society has been of central importance; but universities are not alone in this role, a wide range of other agencies, private firms, public research laboratories for instance play an important role in defining a knowledge economy and have done so increasingly since the turn of the nineteenth century—a first indication of the systemic dimensions of a modern knowledge economy. (shrink)