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After the Great Complacence

Ewald Engelen, Ismail Ertürk, Julie Froud, Sukhdev Johal, Adam Leaver, Michael Moran, Adriana Nilsson, and Karel Williams

in After the Great Complacence: Financial Crisis and the Politics of Reform

Published in print:
2011
Published Online:
January 2012
ISBN:
9780199589081
eISBN:
9780191731150
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199589081.003.0002
Subject:
Business and Management, Finance, Accounting, and Banking, Political Economy

The chapter makes the case for framing the crisis as an elite debacle. The first section focuses on the informal pre-2007 elite story about the benefits of financial innovation, told in the period of ... More


The Limits of Expertise: The United Kingdom as an Unhappy Family

Ewald Engelen, Ismail Ertürk, Julie Froud, Sukhdev Johal, Adam Leaver, Michael Moran, Adriana Nilsson, and Karel Williams

in After the Great Complacence: Financial Crisis and the Politics of Reform

Published in print:
2011
Published Online:
January 2012
ISBN:
9780199589081
eISBN:
9780191731150
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199589081.003.0008
Subject:
Business and Management, Finance, Accounting, and Banking, Political Economy

Democratic politicians were central to crisis management in 2008, but they were marginalized once again after the crisis by various kinds of technocrats. This chapter argues that the failure to ... More


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