Crouch, Colin, 1944- (2009) Privatised Keynesianism: an unacknowledged policy regime. In: Workshop on Political Econmy of the Sub-prime Crisis in Britain, Univ Warwick, Coventry,, September 18-19, 2008. Published in: British Journal of Politics and International Relations, Vol.11 (No.3). pp. 382-399.

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Abstract

There have now been two successive policy regimes since the Second World War that have temporarily succeeded in reconciling the uncertainties and instabilities of a capitalist economy with democracy's need for stability for people's lives and capitalism's own need for confident mass consumers. The first of these was the system of public demand management generally known as Keynesianism. The second was not, as has often been thought, a neo-liberal turn to pure markets, but a system of markets alongside extensive housing and other debt among low- and medium-income people linked to unregulated derivatives markets. it was a form of privatised Keynesianism. This combination reconciled capitalism's problem, but in a way that eventually proved unsustainable. After its collapse there is debate over what will succeed it. Most likely is an attempt to re-create it on a basis of corporate social responsibility

Item Type:	Conference Item (Paper)
Subjects:	J Political Science > JZ International relations J Political Science > JA Political science (General)
Divisions:	Faculty of Social Sciences > Warwick Business School > International Centre for Governance & Public Management Faculty of Social Sciences > Warwick Business School
Journal or Publication Title:	British Journal of Politics and International Relations
Publisher:	Wiley-Blackwell Publishing Ltd.
ISSN:	1369-1481
Official Date:	August 2009
Volume:	Vol.11
Number:	No.3
Number of Pages:	18
Page Range:	pp. 382-399
Identification Number:	10.1111/j.1467-856X.2009.00377.x
Status:	Peer Reviewed
Publication Status:	Published
Access rights to Published version:	Restricted or Subscription Access
Conference Paper Type:	Paper
Title of Event:	Workshop on Political Econmy of the Sub-prime Crisis in Britain
Type of Event:	Conference
Location of Event:	Univ Warwick, Coventry,
Date(s) of Event:	September 18-19, 2008
URI:	http://wrap.warwick.ac.uk/id/eprint/17536

Data sourced from Thomson Reuters' Web of Knowledge

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