What will follow the demise of privatised Keynesianism?
Crouch, Colin. (2008) What will follow the demise of privatised Keynesianism? Political Quarterly, Vol.79 (No.4). pp. 476-487. ISSN 0032-3179
WRAP_Crouch_privatised_Keynesianism.pdf - Accepted Version - Requires a PDF viewer such as GSview, Xpdf or Adobe Acrobat Reader
Official URL: http://dx.doi.org/10.1111/j.1467-923X.2008.00970.x
There have now been two successive policy regimes since World War II 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 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:||Journal Article|
|Subjects:||H Social Sciences > HB Economic Theory
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
|Library of Congress Subject Headings (LCSH):||Keynesian economics, Great Britain -- Politics and government -- 20th century, Great Britain -- Economic policy, Social responsibility of business -- Great Britain|
|Journal or Publication Title:||Political Quarterly|
|Number of Pages:||12|
|Page Range:||pp. 476-487|
|Access rights to Published version:||Open Access|
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