Why Is France So French? Culture, Institutions, and Neoliberalism, 1974–1981

Prasad, Monica

doi:10.1086/432778

Cited by 83 publications

(55 citation statements)

References 59 publications

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“…Second, the notion of market exigencies provided political cover for contentious policy changes. In developing countries, for example, the Washington Consensus's loan conditionalities created an occasion to cut politically welldefended entitlements and thus theoretically escape the fiscal and budgetary pressures they were facing (Blyth 2002;Olson 1996;Prasad 2005Prasad , 2006.…”

Section: The Politics Of Neoliberalismmentioning

confidence: 99%

The Arc of Neoliberalism

2012

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For three decades, neoliberalism dominated the global political economy. Defined as an explicit preference for private over public control, neoliberalism represented a dramatic break from postwar policies. This article examines the historical development of neoliberalism through three perspectives: as an economic policy, as an expression of political power, and as an ideational hegemony. We reject the notion of neoliberal inevitability and suggest how it came to dominate all other possible alternatives. The review emphasizes the critical importance of political preferences and influences as well as the central role ideas played in defining policy paradigms.

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Section: The Politics Of Neoliberalismmentioning

confidence: 99%

The Arc of Neoliberalism

2012

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“…Together these theories explain why political and economic leaders in some countries might adopt a strategy of stimulating private-sector credit expansion; ideas about credit's role in an economy can reflect taken-for-granted understanding about how markets and consumption should and do work (Fourcade 2009). These decisions can feed back into the behavior of economic actors, shaping subsequent evaluation, policy, and patterns of regulation (Prasad 2005;Conley & Gifford 2006). Socio-cognitive work also reveals market-based elements of crises.…”

Section: Explaining Social Origins and Dynamics Of Financial Crisesmentioning

confidence: 99%

Demand for credit, international financial legitimacy, and vulnerability to crises: Regulatory change and the social origins of Iceland's collapse

Larson

2013

Regulation & Governance

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By analyzing how credit in Iceland expanded to culminate in the country's 2008 financial collapse, this article advances theories about financial crises, regulatory change, and the role of credit. It also complicates popular accounts of Iceland's collapse that focus on the actions of unrestrained bankers by examining the larger context that facilitated these banking practices. After financial liberalization, Icelandic businesses and households had strong demand for credit as a result of: (i) the institutional meaning of credit, (ii) an emergent growth strategy of aggressive international expansion, and (iii) increasing consumption. Incorporating business demand for credit extends demand-side theory of crises and shows how dominant strategy and shared government and business orientation toward opportunity shaped credit expansion. Credit-based consumption also stabilized social relations despite increasing inequality. Notwithstanding warnings of risk, regulation did not restrain risky leverage. International market reactions reinforced beliefs about Icelandic success to limit regulatory reach, as Iceland's international financial legitimacy produced market-based measures that leaders interpreted as signals of economic success.

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“…Furthermore, post-war economic legacies make Thatcherite neoliberalism impossible to implement in France. This means that, in this country, the triumph of economic liberalism during the 1980s took a more moderate form than in Britain and the US, for example (Prasad, 2005). 6 Finally, as underlined below, the moralistic side of Thatcherite neoliberalism grounded in the idea of workfare enjoys little political support in France.…”

Section: The Emergence Of the Social Exclusion Paradigmmentioning

confidence: 98%

The social exclusion discourse: ideas and policy change

Béland¹

2007

policy polit

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EnglishThis article explores the political discourse of social exclusion and its potential impact on social policy. The analysis suggests that in France, Britain, and the European Union at large, the growing political focus on social exclusion has helped to shift policy attention away from other forms of inequality, including income inequality. This logic and the reforms enacted in the name of social inclusion are compatible with moderate forms of economic liberalism distinct from Thatcherite neoliberalism. Theoretically, the article draws on the social science literature on the role of ideas to stress the possible consequences of the social exclusion discourse. FrançaisCet article étudie le discours politique de l'exclusion sociale et son impact potentiel sur la protection sociale. L'analyse suggère qu'en France, en Grande Bretagne et dans l'Union européenne en général, l'accent politique grandissant sur l'exclusion sociale a contribué à éloigner l'attention politique d'autres formes d'inégalité, y compris les inégalités de revenus. Cette logique et les réformes adoptées au nom de l'exclusion sociale sont compatibles avec des formes de libéralisme économique différentes du néolibéralisme thatchérien. Théoriquement, l'article s'appuie sur les travaux de science sociale traitant du rôle des idées pour mettre l'accent sur les conséquences possibles du discours sur l'exclusion sociale. EspañolEste artículo explora el discurso político de exclusión social y su impacto potencial en la política social. El análisis sugiere que en Francia, Gran Bretaña y la extensa Unión Europea, el creciente foco político en exclusión social ha ayudado a cambiar la atención política lejos de otras formas de desigualdad, incluyendo ingresos desiguales. Esta lógica y las reformas promulgadas en nombre de inclusión social son compatibles con formas moderadas de liberalismo económico distinto del neoliberalismo Thatcherite. En teoría, el artículo se basa en los estudios de ciencias sociales en cuanto al papel de ideas para enfatizar las posibles consecuencias del discurso de exclusión social. 124Daniel Béland

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Why Is France So French? Culture, Institutions, and Neoliberalism, 1974–1981

Cited by 83 publications

References 59 publications

The Arc of Neoliberalism

The Arc of Neoliberalism

Demand for credit, international financial legitimacy, and vulnerability to crises: Regulatory change and the social origins of Iceland's collapse

The social exclusion discourse: ideas and policy change

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