There has scarcely been
a day in the last three years when we have not read depressing headlines in the
newspapers about the global economic crisis. The current turmoil, which many
experts concur in seeing as the worst jolt to the world economy since the Great
Depression, is pushing the parameters of the established system to its limits.
One could say that we see, in the short-term measures taken against the crisis
at the time, an effective anti-crisis strategy. But ironically, the promptness
with which these short-term measures were enacted prevented adequate
questioning of the dominant paradigm which had caused the crisis. As a result,
the structural problems leading to the crisis were not abated. Despite the
occurrence of the deepest economic crisis to be experienced since the Great
Depression, the present economic emergency did not shake the neoclassical
economic paradigm as strongly as was needed. A puzzle that this study aims to
solve arises here: Why and how has the conventional wisdom survived and
reproduced its intellectual hegemony even after the “most devastating economic
crisis” since the Great Depression?
global financial crisis regulatory capture structural continuity Wall Street lobby neoclassical economic paradigm
Birincil Dil | İngilizce |
---|---|
Bölüm | Makaleler |
Yazarlar | |
Yayımlanma Tarihi | 2 Ocak 2012 |
Yayımlandığı Sayı | Yıl 2012 Cilt: 1 Sayı: 1 |
Manuscripts submitted for consideration must follow the style on the journal’s web page.The manuscripts should not be submitted simultaneously to any other publication, nor may they have been previously published elsewhere in English. However, articles that are published previously in another language but updated or improved can be submitted. For such articles, the author(s) will be responsible in seeking the required permission for copyright. Manuscripts may be submitted via Submission Form found at: http://www.allazimuth.com/authors-guideline/. For any questions please contact: allazimuth@bilkent.edu.tr