TY - JOUR
T1 - From Bretton Woods to the Global Financial Crisis
T2 - Popular Politics, Paradigmatic Debates, and the Construction of Crises
AU - Widmaier, Wesley
PY - 2014/4
Y1 - 2014/4
N2 - How do popular values shape constructions of crises and paradigmatic debates? In this paper, I offer a constructivist framework highlighting the popular bases of paradigmatic ideas and policy interests. In historical terms, I then trace the evolution of values, ideas, and polic]ies across three crises-the Bretton Woods-era inflation and currency crises of the 1960s, the South Korean and Long Term Capital Management crises of the 1990s, and the global financial crisis. In concluding, I stress implications for tensions not only between intellectuals and populists, but also among populists themselves-as in the affective divides between Tea Party and Occupy movements.
AB - How do popular values shape constructions of crises and paradigmatic debates? In this paper, I offer a constructivist framework highlighting the popular bases of paradigmatic ideas and policy interests. In historical terms, I then trace the evolution of values, ideas, and polic]ies across three crises-the Bretton Woods-era inflation and currency crises of the 1960s, the South Korean and Long Term Capital Management crises of the 1990s, and the global financial crisis. In concluding, I stress implications for tensions not only between intellectuals and populists, but also among populists themselves-as in the affective divides between Tea Party and Occupy movements.
KW - Keynesianism
KW - constructivism
KW - global financial crisis
KW - macroprudential regulation
UR - http://www.scopus.com/inward/record.url?scp=84900003037&partnerID=8YFLogxK
U2 - 10.1080/00346764.2014.912389
DO - 10.1080/00346764.2014.912389
M3 - Article
SN - 0034-6764
VL - 72
SP - 233
EP - 252
JO - Review of Social Economy
JF - Review of Social Economy
IS - 2
ER -