Full Description
This international collection studies how the financial crisis of 2007 and the ensuing economic
and political crises in Europe and North America have triggered a process of
change in the field of economics, law and
politics. Contributors to this book argue that both elites and citizens have
had to rethink the nature of the market, the role of the state as a market
regulator and as a provider of welfare, the role of political parties in
representing society's main political and social cleavages, the role of civil
society in voicing the concerns of citizens, and the role of the citizen as the
ultimate source of power in a democracy but also as a fundamentally powerless
subject in a global economy.
The book studies the actors, the areas and the processes
that have carried forward the change and proposes the notion of 'incomplete
paradigm shift' to analyse this change. Its authors explore the multiple
dimensions of paradigm shifts and their differentiated evolution, arguing that
today we witness an incomplete paradigm shift of financial regulations,
economic models and welfare systems, but a stillbirth of a new political and
economic paradigm.
Contents
1. Has the Financial
Crisis led to a Paradigm Shift?; Pablo
Iglesias-Rodríguez, Ruby Gropas and Anna Triandafyllidou.- 2. Paradism Shift in Financial-Sector Policymaking Models: From
Industry-Based to Civil Society-based EU Financial Services Governance; Pablo Iglesias-Rodríguez.- 3. Changing Perceptions of
Systemic Risk in Financial Regulation; Caroline
Bradley.- From National to Supranational: A Paradigm Shift in Political
Economy; Guido Montani.- 5. Growth and Welfare: Shifts in Labour Market
Policies; Henri Sneessens.- 6. Rethinking E(M)U Governance from the Perspective
of Social Investment; Anton Hemerijck.- 7. Creative Resistance in times of
Economic Crises: Community Engagement, Non-Capitalist Creative Practices and
Provoking Shifts at the Local Level; Ruby Gropas.- 8. EU Civil Society and the
Crisis: Changing Channels and Organizational Patters in European Transnational
Civil Society; Alison
E. Woodward.- 9. The Restructuring of the Western European Party Space in the
Crisis: A Comparative Study of Austria, France, and Germany; Jasmine Lorenzini, Swen
Hutter, and Hanspeter Kriesi.- 10. 'Tina' Revisited: Why Alternative Narratives of the Eurozone
Crisis Matterl Ukrike Liebert.- 11. From One-Directional to Multi-Directional
Paradigm Shift; Pablo Iglesias-Rodriguez, Anna Triandafyllidou, Ruby Gropas.
