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Download PDF by Anton Hemerijck, Ben Knapen, Ellen van Doorne: Aftershocks: Economic Crisis and Institutional Choice (WRR)

By Anton Hemerijck, Ben Knapen, Ellen van Doorne

ISBN-10: 9089641920

ISBN-13: 9789089641922

Even though it will be untimely to presume to spot the precise repercussions of the present financial trouble, it's transparent that it'll have profound results within the political, fiscal, and social spheres. Written in the middle of the inner most monetary problem because the nice melancholy, Aftershocks includes twenty-four essays—based on interviews with students, famous eu politicians, and major figures from enterprise and banking—that think of the origins of the situation in addition to the potential social, fiscal, and political alterations it will possibly engender. among the participants are Barry Eichengreen, Tony Atkinson, David Soskice, Nancy Birdsall, Amitai Etzioni, Helmut Schmidt, and Jacques Delors.


“These reflections via teachers, specialists and previous political leaders turn out that neither returning to the recipes of the Eighties and ’90s nor refurbishing the preexisting schemes of the Fifties and ’60s will yield the ideas we want on the household or worldwide point. It places a primary reimagining of the function of public authority and political sovereignty again at the agenda.”

(Frank Vandenbroucke, former Minister of Social Affairs and Pensions of Belgium)

“A must-read for an individual who desires to comprehend the commercial concern and its aftermath. the extreme selection of interviews with specialists, coverage analysts, and political leaders not just demonstrates that we have to have interaction in a big reevaluation of world in addition to nationwide financial guidelines, the function of the country within the financial system, and neo-liberal doctrine, it additionally offers the simplest beginning point.”

(Vivien A. Schmidt, Boston University)

"A hugely instructive and quietly provocative option to attempt to make experience of a monetary situation is to learn this choice of disciplined yet open-ended reflections on either by means of a few of the world's most sensible economists and social scientists. no matter what you consider the obstacle now you'll reconsider upon encountering their trenchant yet nuanced reactions."

(Charles Sabel, Columbia legislation School)


1 diagnosing the concern fifty three
A story of 2 Crises 55
Barry Eichengreen

A heritage of Profligate Lending sixty seven Charles Maier

The challenge of Social Deflation seventy four Jean-Paul Fitoussi

The situation as a Paradigm Shift eighty two Paul de Grauwe

2 exploring family coverage area below low development ninety one

The value of Politics 93
Peter A. Hall

Troubleshooting monetary Narratives 103 Suzanne Berger

Leadership Imperatives for a Post-Crisis global one hundred ten Stephen Roach

Establishing a brand new Macro-economic coverage Regime 122 Willem Buiter

Varieties of Capitalism; forms of Reform 133 David Soskice

3 dealing with paradise misplaced 143

Social Discontent in ecu Welfare States 145
Mark Elchardus

A problem of Consumerism one hundred fifty five Amitai Etzioni

The ethical financial ruin of latest Capitalism 163 Richard Sennett

Transcending the eu kingdom nation 169 Dominique Moïsi

4 embedding a brand new international agreement? a hundred seventy five

The situation of world Governance 177
André Sapir

Capitalism 3.0 185 Dani Rodrik

The international improvement time table 194 Nancy Birdsall

The financial predicament and weather swap 201 Anthony Giddens

A tension try for the Welfare nation 207 Tony Atkinson

The G2 and the problem 212 Amy Chua

5 realigning europe 219

A New ecu agreement 221
Loukas Tsoukalis

Europe’s Neo-liberal Bias 228 Fritz Scharpf

Beyond Lisbon 235 Maria João Rodrigues

The Quest for imaginative and prescient 245 Helmut Schmidt

Rekindling the Spirit of Cooperation 252 Jacques Delors


Towards a brand new schedule 259 Ben Knapen

Overview of the Interviews Biographies of the Interviewees 269

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Extra info for Aftershocks: Economic Crisis and Institutional Choice (WRR)

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Pdf. Pierson, P. (1998), ‘Irresistible Forces, Immovable Objects: Post-industrial Welfare States Confront Permanent Austerity’, Journal of European Public Policy, 5 (4): 539-60. Pierson, P. ) (2001), The New Politics of the Welfare State. Oxford: Oxford University Press. Polanyi, K. (1944; 1985), The Great Transformation. Boston: Beacon Press. Posner, R. (2009), A Failure of Capitalism. The Crisis of ‘08 and the Descent into Depression. Cambridge: Harvard University Press. Rajan, R. ’ NBER Working Paper, no.

8. regime change without the punctuated pendulum swing Will the gravity of the economic crisis trigger a moment of extraordinary politics and institutional reconstruction? Can we expect the crisis to usher in a more active economic role for government intervention, market regulation, and international coordination? Will there be a pendulum swing back to a stronger appreciation of market embeddedness? Although most of our interviewees expect to see some degree of institutional change in the wake of the crisis, several of the authors have doubts about the likelihood of a swift and punctuated regime change occurring.

Et al. (2002), Social Indicators: The EU and social inclusion. Oxford: Oxford University Press. Begg, I. et al. (2008), Is Social Europe Fit for Globalisation? A study of the social impact of globalisation in the European Union. Brussels: CEPS, European Commission. Berger, S. (2005), How We Compete: What Companies Around the World Are Doing to Make It in Today’s Global Economy. Berger, S. and R. Dore (1996), National Diversity and Global Capitalism. Ithaca: Cornell University Press. Birdsall, N.

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Aftershocks: Economic Crisis and Institutional Choice (WRR) by Anton Hemerijck, Ben Knapen, Ellen van Doorne

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