|
Showing 1 - 7 of
7 matches in All Departments
Europe's sovereign debt crisis and the accompanying national bank
crises in the European Union brought bank regulation and
supervision to the top of the EU policy agenda. In a few short
years, we have witnessed a 'great leap forward' for European
integration marked by over a dozen pieces of EU legislation shaping
the operation of banks, rules on bank capital, reconfigured
supervisory agencies, and Banking Union. The significance of these
measures lies however, in the fact that they constitute the most
dramatic transfer of policy-making powers to the European level
since the start of Economic and Monetary Union in 1999. This volume
addresses the three main political battles behind the adoption of
these new regulatory and supervisory policies. First, it examines
divisions among states, both according to their domestic
institutional structures, including distinct financial systems, as
well as their creditor or debtor status in the crisis. Second, it
studies the battle over national versus supranational jurisdiction.
Third, it explores the conflictual process of policy learning and
the activation of epistemic communities who claim competence to
address the crisis. This book was originally published as a special
issue of the journal West European Politics.
We know from the cost of the 2007-09 crisis that transnational
finance does not operate in a realm removed from our everyday
lives. Variegated Neoliberalism explains why its inequalities
persist and how they undermine more social-minded policies towards
finance in the EU. The book suggests that large financial groups
capitalize on broader changes in capitalism and emerging
assumptions about what benefits society at large. Those pushing
these political-economic projects present policy change to cope
with financial globalization as a new common sense. Macartney's
argument then contests these assumptions through an analysis of the
spatial relations of transnational actors, and the political claims
made within finance and research communities. Rather than relying
on umbrella concepts like 'transnational capitalist class',
Variegated Neoliberalism emphasises the national-domestic
foundations for transnationalization and what we commonly
understand as neoliberalism. The book provides comparative analyses
of global and European banking communities, and economic research
centres, in the UK, France, and Germany. It explains the
constellations underpinning the current neoliberal order in global
finance, and the realms of possibility for challenges to it.
We know from the cost of the 2007-09 crisis that transnational
finance does not operate in a realm removed from our everyday
lives. Variegated Neoliberalism explains why its inequalities
persist and how they undermine more social-minded policies towards
finance in the EU. The book suggests that large financial groups
capitalize on broader changes in capitalism and emerging
assumptions about what benefits society at large. Those pushing
these political-economic projects present policy change to cope
with financial globalization as a new common sense. Macartney's
argument then contests these assumptions through an analysis of the
spatial relations of transnational actors, and the political claims
made within finance and research communities. Rather than relying
on umbrella concepts like 'transnational capitalist class',
Variegated Neoliberalism emphasises the national-domestic
foundations for transnationalization and what we commonly
understand as neoliberalism. The book provides comparative analyses
of global and European banking communities, and economic research
centres, in the UK, France, and Germany. It explains the
constellations underpinning the current neoliberal order in global
finance, and the realms of possibility for challenges to it.
This book examines how decisions made by the Conservative
government during the COVID19 pandemic have increased economic
inequality in the UK. Decades of austerity, asset-based welfare and
financialization had already exacerbated social divisions in the UK
prior to the pandemic. The political blueprint behind these
measures combined Privatized Keynesianism and the Asset Economy. To
explain, economists have highlighted that inequality derives from
the fact that income from wealth increases at a faster rate than
income from wages. The ensuing political assumption is that - in
the face of pressures on public finances - promoting asset
ownership is the best alternative to government-funded welfare
schemes. What this meant, as the pandemic unfolded, was that when
tough decisions about resource allocation needed to be made, the UK
Treasury and the Bank of England found almost unlimited funds to
rescue and protect asset-holders and middle-income homeowners,
whilst reverting to a narrative of "misfortune" for the asset-less
poor. This book assesses the political decisions taken by UK
policymakers during 2020-21 and their consequences. In doing so, it
challenges policymakers and the informed public to re-consider the
morality of inequality, and to make alternative decisions to
promote a more ecologically sustainable, caring, equal and
prosperous society.
Europe's sovereign debt crisis and the accompanying national bank
crises in the European Union brought bank regulation and
supervision to the top of the EU policy agenda. In a few short
years, we have witnessed a 'great leap forward' for European
integration marked by over a dozen pieces of EU legislation shaping
the operation of banks, rules on bank capital, reconfigured
supervisory agencies, and Banking Union. The significance of these
measures lies however, in the fact that they constitute the most
dramatic transfer of policy-making powers to the European level
since the start of Economic and Monetary Union in 1999. This volume
addresses the three main political battles behind the adoption of
these new regulatory and supervisory policies. First, it examines
divisions among states, both according to their domestic
institutional structures, including distinct financial systems, as
well as their creditor or debtor status in the crisis. Second, it
studies the battle over national versus supranational jurisdiction.
Third, it explores the conflictual process of policy learning and
the activation of epistemic communities who claim competence to
address the crisis. This book was originally published as a special
issue of the journal West European Politics.
Amidst the continued debate surrounding the foundations of IPE,
coupled with recent methodological and theoretical divides this
book argues that an attempt should be made to re-visit the notion
of the 'critical'. The challenge posed by contributors to this
volume is to assess the development of so-called critical IPE and
interrogate whether the theoretical foundations it was built upon
have reached their potential. The essays in this volume take up
this challenge in a number of different ways but all share a common
concern - to re-assess the purpose of critical approaches, reflect
on why certain social theorists have been favoured as a point of
departure, yet others have largely been ignored. In light of recent
debates on the notion of a 'trans-Atlantic divide' within IPE the
collection the contributors aim demonstrates how the distinction
between the 'critical' and the 'orthodox' (or 'empirical') is only
significant if the 'critical' is geared towards a larger, more
substantial body of critical social enquiry and engages with what
it means to conduct such enquiry.
Amidst the continued debate surrounding the foundations of IPE,
coupled with recent methodological and theoretical divides this
book argues that an attempt should be made to re-visit the notion
of the 'critical'. The challenge posed by contributors to this
volume is to assess the development of so-called critical IPE and
interrogate whether the theoretical foundations it was built upon
have reached their potential. The essays in this volume take up
this challenge in a number of different ways but all share a common
concern - to re-assess the purpose of critical approaches, reflect
on why certain social theorists have been favoured as a point of
departure, yet others have largely been ignored. In light of recent
debates on the notion of a 'trans-Atlantic divide' within IPE the
collection the contributors aim demonstrates how the distinction
between the 'critical' and the 'orthodox' (or 'empirical') is only
significant if the 'critical' is geared towards a larger, more
substantial body of critical social enquiry and engages with what
it means to conduct such enquiry.
|
You may like...
Back Together
Michael Ball & Alfie Boe
CD
(1)
R59
R50
Discovery Miles 500
Loot
Nadine Gordimer
Paperback
(2)
R398
R330
Discovery Miles 3 300
|