By Vivien A. Schmidt, Mark Thatcher
ISBN-10: 1107041538
ISBN-13: 9781107041530
Why have neo-liberal fiscal principles been so resilient because the Eighties, regardless of significant highbrow demanding situations, crippling monetary and political crises, and failure to convey on their offers? Why do they again and again go back, not just to outlive yet to thrive? This groundbreaking booklet proposes 5 traces of research to provide an explanation for the dynamics of either continuity and alter in neo-liberal rules: the flexibleness of neo-liberalism's middle rules; the gaps among neo-liberal rhetoric and fact; the power of neo-liberal discourse in debates; the facility of pursuits within the strategic use of principles; and the strength of associations within the embedding of neo-liberal principles. The book's hugely unique workforce of authors indicates how those attainable motives practice around the most vital domain names - monetary coverage, the position of the nation, welfare and labour markets, law of festival and monetary markets, administration of the Euro, and company governance - within the eu Union and throughout ecu nations.
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Additional resources for Resilient Liberalism in Europe's Political Economy
Example text
Constantly shifting policy ideas not only allow neo-liberalism to grow, develop, and spread but also permit its relabelling so that past ideas return in new (dis)guises. Metamorphosis permits the proponents of neo-liberal ideas to evade paying the price of past scrutiny, as ideas that were discredited in previous periods recur, returning in new guises. Examples abound, such as the 1920s discourse of ‘sound money’ reappearing in the 1970s as monetarism and in the late 2000s as ‘sustainable debt’.
Most important, resilience may depoliticize processes whereby social phenomena are maintained. To avoid the pitfalls and hidden assumptions in its many different disciplinary applications, we begin by defining the concept as it is reflected in ordinary language usage, in terms of the synonyms found in the dictionary, including flexibility, elasticity, plasticity, adaptability, and suppleness. 42 When applied to neo-liberalism, however, we go beyond the identification of these qualities of resilience to place it explicitly in time, as a process that has taken place over several decades, with important variations in time, place, and domain.
See Gualmini and Schmidt in this volume; see also Schmidt 2002, 2009, and Fioretos 2011. See Lehmbruch and Schmitter 1982 and Hall and Soskice 2001. 60 In the 2000s, moreover, policy makers, academics, and commentators sometimes drew on these diverse approaches to attack neo-liberalism, in particular using the example of the economic successes of countries farthest away from neo-liberalism – not only the Nordic countries with their continuing social-democratic traditions but also Germany, whose coordinated market economy suffered less from the housing boom and subsequent bust and which recovered much more strongly than, for instance, the more neo-liberal United Kingdom.
Resilient Liberalism in Europe's Political Economy by Vivien A. Schmidt, Mark Thatcher
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