Institutionalizing the Liberal Creed: Economists in Israel’s Long Journey Towards Political-Economic Liberalization

Ronen Mandelkern

doi:10.1093/oso/9780198793021.003.0005

Institutionalizing the Liberal Creed: Economists in Israel’s Long Journey Towards Political-Economic Liberalization

Ronen Mandelkern

School of Political science studies

Research output: Chapter in Book/Report/Conference proceeding › Chapter › peer-review

Abstract

This chapter analyzes the role Israeli economists have played as purveyors of pro-market economic ideas and political entrepreneurs of economic liberalization in Israel. Israeli economists were strongly committed to economic liberalism already in the 1950s, but they were lacking decisive political influence. Two mechanisms increased their power over policy. First, long-term institutional changes gradually eroded “political” decision-making mechanism and opened the way to greater involvement of professional economists. This long-term trend was joined and reinforced by economists’ institutional entrepreneurship at the height of the 1980s economic crisis, when they initiated changes of macroeconomic governance. These changes enhanced the political power of the Ministry of Finance and the Bank of Israel and supported the institutionalization of neoliberalism in Israel.

Original language	English
Title of host publication	Neoliberalism as a State Project: Changing the Political Economy of Israel
Subtitle of host publication	Changing the Political Economy of Israel
Editors	Asa Maron, Michael Shalev
Place of Publication	Oxford
Publisher	Oxford University Press
Chapter	5
Pages	74-90
Number of pages	17
ISBN (Print)	9780198793021
DOIs	https://doi.org/10.1093/oso/9780198793021.003.0005
State	Published - 2017

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 8 Decent Work and Economic Growth

Keywords

economists
economic liberalization
Ministry of Finance
political entrepreneurs
policy
institutional change
macroeconomic governance
neoliberalism

RAMBI Publications

rambi
Economic development -- Israel
Economists -- Israel
Israel -- Economic policy -- 21st century
Neoliberalism -- Israel

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10.1093/oso/9780198793021.003.0005

https://oxford.universitypressscholarship.com/10.1093/oso/9780198793021.001.0001/oso-9780198793021-chapter-5

Cite this

Mandelkern, R. (2017). Institutionalizing the Liberal Creed: Economists in Israel’s Long Journey Towards Political-Economic Liberalization. In A. Maron, & M. Shalev (Eds.), Neoliberalism as a State Project: Changing the Political Economy of Israel: Changing the Political Economy of Israel (pp. 74-90). Oxford University Press. https://doi.org/10.1093/oso/9780198793021.003.0005

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Mandelkern, R 2017, Institutionalizing the Liberal Creed: Economists in Israel’s Long Journey Towards Political-Economic Liberalization. in A Maron & M Shalev (eds), Neoliberalism as a State Project: Changing the Political Economy of Israel: Changing the Political Economy of Israel. Oxford University Press, Oxford, pp. 74-90. https://doi.org/10.1093/oso/9780198793021.003.0005

Institutionalizing the Liberal Creed: Economists in Israel’s Long Journey Towards Political-Economic Liberalization. / Mandelkern, Ronen.
Neoliberalism as a State Project: Changing the Political Economy of Israel: Changing the Political Economy of Israel. ed. / Asa Maron; Michael Shalev. Oxford: Oxford University Press, 2017. p. 74-90.

Research output: Chapter in Book/Report/Conference proceeding › Chapter › peer-review

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Mandelkern R. Institutionalizing the Liberal Creed: Economists in Israel’s Long Journey Towards Political-Economic Liberalization. In Maron A, Shalev M, editors, Neoliberalism as a State Project: Changing the Political Economy of Israel: Changing the Political Economy of Israel. Oxford: Oxford University Press. 2017. p. 74-90 doi: 10.1093/oso/9780198793021.003.0005

Institutionalizing the Liberal Creed: Economists in Israel’s Long Journey Towards Political-Economic Liberalization

Abstract

UN SDGs

Keywords

RAMBI Publications

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