Never Let a Serious Crisis Go to Waste

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Never Let a Serious Crisis Go to Waste Page 52

by Philip Mirowski


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  Solow, Robert. “Hedging America,” New Republic, January 12, 2010.

  Sommer, Jeff. “The Slogans Stop Here,” New York Times, October 30, 2011.

  Sorkin, Andrew. Too Big to Fail (New York: Viking, 2009).

  Sorkin, Andrew. “Vanishing Act: ‘Advisers’ Seek Distance from a Report,” New York Times Dealbook, February 14, 2011, at http://dealbook.nytimes.com/2011/02/14/vanishing-act-advisers-seek-distance-from-a-report/.

  Sorkin, Andrew. “Volcker Rule Stirs Up Opposition Overseas,” New York Times Dealbook, January 20, 2012.

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  Soros, George. “My Philanthropy,” New York Review of Books (June 23, 2011), pp. 12-16.

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  Spar, Debora, and Anna Harrington. “Building a Better Baby Business,” Minnesota Journal of Law, Science and Technology 10 (2009): 41–69.

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  Stiglitz, Joseph. “An Agenda for Reforming Economic Theory,” ms. distributed at INET Conference, King’s College, Cambridge University, April 2010.

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  Stiglitz, Joseph. “Needed: A New Economic Paradigm,” Financial Times, August 19, 2010.

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  Stiglitz, Joseph. “Rethinking Macroeconomics: What Failed, and How to Repair It,” Journal of the European Economic Association 9 (2011): 591–645.

  Stiglitz, Joseph. Selected Works (Oxford: Oxford University Press, 2009).

  Stiglitz, Joseph, and Bruce Greenwald. “Financial Market Imperfections and Business Cycles,” Quarterly Journal of Economics 108 (1993): 77–114.

  Story, Louise. “Income Inequality and Financial Crises,” New York Times, August 21, 2010.

  Story, Louise. “A Rich Education for Summers,” New York Times, April 5, 2009.

  Subramanian, Arvind. “How Economics Managed to Make Amends,” Financial Times, December 28, 2009.

  Summers, Lawrence. “The Great Liberator,” New York Times, November 19, 2006.

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  Suskind, Ron. Confidence Men: Wall Street, Washington, and the Education of a President (New York: HarperCollins, 2011).

  Suskind, Ron. “Faith, Certainty, and the Presidency of George W. Bush,” New York Times Magazine, October 17, 2004.

  Suter, Susan. “Giving In to Baby Markets,” Michigan Journal of Gender and Law 16 (2009): 217.

  Swagel, Phillip. “The Financial Crisis: An Insider’s View,” Brookings Papers on Economic Activity, Spring 2009: 1–63.

  Swan, Elaine. Worked-up Selves (New York: Palgrave Macmillan, 2010).

  Swan, Elaine, and Stephen Fox. “Becoming Flexible: Self-flexibility and Its Pedagogies,” British Journal of Management 20 (2009): S149–59.

  Szafarz, Ariane. “How Did Crisis-Based Criticisms of Market Efficiency Get It So Wrong?” 2009.

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  U.S. Senate, Permanent Subcommittee on Investigations. Wall Street and the Financial Crisis: Anatomy of a Financial Collapse (Washington, D.C.: U.S. Government Printing Office, 2011); also at www.hsgac.senate.gov.

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  Williamson, Stephen D. “A Defense of Contemporary Economics: John Quiggin’s Zombie Economics in Review,” Agenda 18 (3), 2011.

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  Woodford, Michael. “Convergence in Macroeconomics: Elements of the New Synthesis,” American Economic Journal: Macroeconomics 1 (2009): 267–79.

  Wren-Lewis, Simon. “Lessons from Failure: Fiscal Policy, Indulgence and Ideology,” National Institute Economic Review 217 (2011): R31–46.

  Yates, Luke. “Critical Consumption,” European Societies 13 (2) (2011): 191–217.

  Zeleny, Jeff. “Financial Industry Paid Millions to Obama Aide,” New York Times, April 4, 2009.

  Zingales, Luigi. A Capitalism for the People (New York: Basic, 2012).

  Zingales, Luigi. “Learning to Live with Not-So-Efficient Markets,” Daedalus, Fall 2010, 1–10.

  Zuidhof, Peter-Wim. Imagining Markets: The Discursive Politics of Neoliberalism, Ph.D. thesis, Erasmus University, Rotterdam, 2012.

  Films and Video

  Assayas, Olivier. Summer Hours (2010).

  Curtis, Adam. The Trap (2007).

  Estrada, Luis. Un Mundo Maravilloso (2006).

  Ferguson, Charles. Inside Job (2010).

  Klarlund, Anders Rønnow. How to Get Rid of the Others (2006).

  LaBute, Neil. The Shape of Things (2003).

  Marshall, Neil. The Descent (2006).

  National Science Foundation. Andrew Lo lecture: “Are Mathematical Models the Cause for the Financial Crisis in the Global Economy?” (2009).

  Nolan, Christo
pher. Memento (2001).

  Oldham, Taki. (Astro)Turf Wars (2010).

  Notes

  1. One More Red Nightmare

  1 For those with access to a film library, I would suggest The Descent (2006); or for something closer to the current topic, Adam Curtis’s The Trap (2007). Just when I had begun feeling proud of my little trope, a friend pointed me to Wendy Brown’s “American Nightmare: Neoliberalism, Neoconservatism, and De-democratization.” Originality is an overrated virtue.

  2 Video recordings of much of the proceedings are available on the Web at www.ineteconomics.org.

  3 Kay, “The Map Is Not the Territory.”

  4 Tankersley and Hirsh, “Neo–Voodoo Economics.”

  5 Tiago Mata, at History of Economics Playground, at http://historyofeconomics.wordpress.com/2011/04/10/inet-bw-of-history-repeating/#more-2002.

  6 Stephan Richter, www.theglobalist.com/storyid.aspx?StoryId=9096. See also the account by Yves Smith at www.nakedcapitalism.com/2011/04/page/3, which suggests that the video available at the INET website may have been redacted. I can vouch that in the Q&A, Summers called Smith’s suggestion “socialism.”

  7 Brad DeLong, “Economics in Crisis,” www.project-syndicate.org/commentary/delong113/English. As we shall see below, DeLong frequently used his blog to defend orthodox figures like Larry Summers and denounce heterodoxy, thus raising the issue of what this quote really was intended to convey.

  8 This was brought home with the news in 2011 that the European Court for Human Rights refused to overturn Soros’s 2002 French conviction for insider trading (Colchester, “Setback for Soros in Paris”). The Advisory Board at INET is studded with a number of neoliberals, and even a Mont Pèlerin member or two! See the roster at http://ineteconomics.org/about/leadership.

  9 The list of speakers at INET Bretton Woods included two out of four of those anointed by the Economist magazine that same year as having “the most important ideas in a post-crisis world”: Raghuram Rajan, Robert Shiller, Kenneth Rogoff, and Barry Eichengreen. That magazine neglected to inform its readers that all four served as apologists for the orthodoxy. The doctrines of each are covered in this volume. At the conference there was, however, a substantial contingent from the Austrian School heterodoxy at INET. The Tea Party demonstrators outside the New Hampshire conference thus demonstrated once again that their grasp of the practical politics of Soros and his organization was less than sound.

 

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