Neo-Liberal Theory of the State: Foundations, Functions, and Contemporary Implications Introduction The neo-liberal theory of the state has emerged as a dominant ideological and policy paradigm in contemporary governance, especially since the late 20th century. Rooted in classical liberalism but reframed in response to Keynesianism and state-led developmentalism, neo-liberalism emphasizes market primacy, minimal state intervention, … Continue reading Examine the neo-liberal theory of the state, focusing on its conceptual foundations, emphasis on market primacy, minimal state intervention, and implications for welfare, regulation, and democratic accountability in contemporary governance.