This paper introduces a theme section on knowledge limits in and after the financial crisis. It explores how and why practitioners have generally responded less conservatively to crisis than ...academics, and argues that academics within a variety of problematics could do more by reflecting critically on the heroic ideas about the role of knowledge which were current across the social sciences in the decade before the crisis. It then turns to introduce the section's papers before finally raising the possibility of a more explicitly political approach to understanding finance.
This article introduces the special issue on ‘Elites and Power after Financialization’. It is presented in three parts. The first sets out the original Weberian problematic that directed the work of ...Michels and Mills, in the 1910s and 1950s respectively. It then discusses how this framework was appropriated and then cast aside as our understanding of capitalism changed. The second section makes the case for a reset of elite studies around the current capitalist conjuncture of financialization. It is explained how this unifying theme allows for a diverse set of approaches for answering old and new questions about elites and power. The third part identifies four key themes or sites of investigation that emerge within the nine papers offered here. These are: new state-capital relations, innovative forms of value extraction, new elite insecurities and resources in liquid times and the role of elite intermediaries and experts.
If all else fails, try Wales Williams, Karel
Renewal (London, England),
03/2022, Volume:
30, Issue:
1
Journal Article
In recent years, Labour has won in two places: in big cities and in Wales. It is time the party thought seriously about applying elsewhere the approach Welsh Labour has taken to co-operation with ...Plaid Cymru and to governing Wales.
In the wake of the pandemic, a politics focused on delivering a strong and sustainable foundational economy is all the more compelling. Careful, radical innovations in the foundational economy are ...already having an impact in Wales and should be built upon.
This short article introduces a developing body of thought and practice about organizing economies for citizen well-being. The argument is developed in three sections: the first section explains why ...foundational thinking is disruptive; the second section describes how this leads towards an innovative foundational practice and provides some Welsh illustrations; the third section and conclusion consider the implications of the foundational approach for Westminster Labour and the English city regions. Given that Labour operates in a multi-level system, it needs to show what can be delivered through prefigurative experiment where the party has majority control, and the possibility of mobilizing civil society for foundational reform. Where issues (like climate change) are too complex for electoral politics, Labour should involve electors through deliberative mechanisms. Labour should worry more about laying the foundations for Westminster success at subsidiary levels so that it can put forward a credible Westminster narrative built on performative and deliberative foundations.
Keynes, Beveridge and Beyond Cutler, Tony; Williams, Karel; Williams, John
1986, 20131105, 2003, 2013-11-05
eBook
Presenting a coherent interpretation of the development of economic and social policy in Britain since 1945, this book analyses the political assumptions underlying post-war economic policy. It ...traces these assumptions through the classic texts of Keynes and Beveridge, the architects of limited, non-socialist state intervention to secure the welfare state and full employment. Topics covered include:* 'Private saving' versus company pensions* The level and composition of employment in Britain
For thirty years, the British economy has repeated the same old experiment of subjecting everything to competition and market because that is what works in the imagination of central government. This ...book demonstrates the repeated failure of that experiment by detailed examination of three sectors: broadband, food supply and retail banking. The book argues for a new experiment in social licensing whereby the right to trade in foundational activities would be dependent on the discharge of social obligations in the form of sourcing, training and living wages. Written by a team of researchers and policy advocates based at the Centre for Research on Socio Cultural Change, this book combines rigour and readability, and will be relevant to practitioners, policy makers, academics and engaged citizens.
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