Seabrooke, Leonard, 1974-. (2012) Homespun capital : economic patriotism and housing finance under stress. Journal of European Public Policy, Vol.19 (No.3). pp. 358-372. ISSN 1350-1763

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Abstract

Part of the state's job is to promote wealth creation that also provides public goods to enhance the broader population's life-chances. These systems for organizing economic life in a national political economy generally have to conform with widely held conceptions of how the economy should work to be legitimate and sustained. Support for the institutions that underpin citizens' welfare can be understood as a form of ‘economic patriotism’ – where there is a consistent preference for economic activity to be channelled through particular institutions that serve a defined population. This article traces the role and development of mortgage institutions in Denmark and the US. I examine the challenges to these institutions from the recent financial crisis, including calls for their abolition or reform. I suggest that economic patriotism and everyday politics explains both the origins of these institutions and also why they will persist through current domestic, regional and international politico-economic troubles.

Item Type:	Journal Article
Subjects:	H Social Sciences > HD Industries. Land use. Labor J Political Science > JC Political theory
Divisions:	Faculty of Social Sciences > Politics and International Studies
Journal or Publication Title:	Journal of European Public Policy
Publisher:	Routledge
ISSN:	1350-1763
Date:	February 2012
Volume:	Vol.19
Number:	No.3
Page Range:	pp. 358-372
Identification Number:	10.1080/13501763.2011.638131
Status:	Peer Reviewed
Publication Status:	Published
Access rights to Published version:	Restricted or Subscription Access
URI:	http://wrap.warwick.ac.uk/id/eprint/42258

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