Neoliberalism means different things to different people. As a set of economic policies it is mainly associated with reducing state intervention in commerce and society. In the course of its late 20th century heyday, neoliberalism transformed the world - for better or worse. But now its dominance is challenged by different models, such as the authoritarian capitalism of China. 

In his new book The Rise and Fall of the Neoliberal Order, Gary Gerstle looks at how neoliberalism took hold, how it shaped society in the United States and beyond, and what its decline means. 

Gary Gerstle is Paul Mellon Professor of American History Emeritus and Paul Mellon Director of Research at the University of Cambridge.

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