THE 1997 AND 2008 FINANCIAL CRISES CAUSES AND CONSEQUENCES COMPARED

Pierre Chabal ()
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Pierre Chabal: Universite du Havre, France

Public Administration and Reginal Studies, 2013, 5-14

Abstract: The article focuses on the evolution of two crises based on several decades of deregulation, speculation, privatisation and financialisation, logically connected with a gradual, but certain recess of controls over the financial economy. Solutions and crisismanagement went from (possible?) system-maintenance to (indispensable!) systemrefounding; from the industrial revolution-type of liberalism to the postmodernist-type of interventionism. One of the conclusions is that beyond the ‘de-economisation’ of the world lies its possible‘re-politisation’.

Keywords: crises; interventionism; financial; policy (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:ddj:parsro:y:2013:p:5-14

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