The False Promise

Phillip Brown, Hugh Lauder and David Ashton

in The Global Auction

Published in print December 2010 | ISBN: 9780199731688
Published online May 2012 | e-ISBN: 9780199944125 | DOI:
The False Promise

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This chapter shows how the neoliberal opportunity bargain of individual freedom and national prosperity was supposed to unfold. It first examines the transition from muscle power to brain power, which helped increase productive capacity. It then considers the relationship between nation-states based on the free trade and comparative advantage principles. Here it determines that the increase in the global knowledge economy helped remove most of the sources of conflict and disagreement between nations. The chapter also looks at the increased need for knowledge workers and the importance of keeping faith in the face of economic crashes.

Keywords: muscle power; brain power; productive capacity; free trade; comparative advantage; global knowledge economy; knowledge workers; economic crash

Chapter.  5317 words. 

Subjects: Occupations, Professions, and Work

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