[6] However, Kozul-Wright states in his book The Resistible Rise of Market Fundamentalism that the "ineluctability of market forces" neoliberals and conservative politicians tend to stress and their confidence on a chosen policy rest on a "mixture of implicit and hidden assumptions, myths about the history of their own countries' economic development, and special interests camouflaged in their rhetoric of general good".
[7] The sociologists Fred L. Block and Margaret Somers use the label "because the term conveys the quasi-religious certainty expressed by contemporary advocates of market self-regulation".
[8] Joseph Stiglitz used the term in his autobiographical essay in acceptance of Nobel Memorial Prize in Economic Sciences to criticize some International Monetary Fund policies, arguing: "More broadly, the IMF was advocating a set of policies which is generally referred to alternatively as the Washington consensus, the neo-liberal doctrines, or market fundamentalism, based on an incorrect understanding of economic theory and (what I viewed) as an inadequate interpretation of the historical data".
Users of the term include adherents of interventionist, mixed economy and protectionist positions[12] as well as billionaires such as George Soros;[13] economists such as Nobel Laureates Joseph Stiglitz[14] and Paul Krugman; and Cornell University historian Edward E. Baptist.
Soros suggests that market fundamentalism includes the belief that the best interests in a given society are achieved by allowing its participants to pursue their own financial self-interest with no restraint or regulatory oversight.