
Capitalism and Its Legitimacy in Times of Crisis
- English
- PDF
- Available on iOS & Android
Capitalism and Its Legitimacy in Times of Crisis
About this book
This volume examines why the 2008 financial crisis with the subsequent Great Recession did not foster a major institutional transformation of the capitalist market economy. It highlights the role of ideas and public discourse in explaining institutional stability and change in the wake of economic crises and other critical junctures. Examining legitimation discourse in four OECD countries (Germany, Switzerland, the United Kingdom and the United States) between 1998 and 2011, the contributions to the volume use different text-analytical methods to bring out the ideas that underpin affirmative and critical media discourse on the capitalist regime. Individual chapters focus on the contours and trajectories of legitimation discourse before and after the financial crisis, on the attribution of responsibility for the crisis, on the use of metaphors and narratives, and on the formation of discourse coalitions challenging the regime. Together, they show that the post-2008 legitimation crisis of the capitalist market economy did not result in its sustained delegitimation or in powerful new ideas that might have mobilized support for radical institutional change. The book will appeal to students and scholars of economic sociology, media studies and political science.
Frequently asked questions
- Essential is ideal for learners and professionals who enjoy exploring a wide range of subjects. Access the Essential Library with 800,000+ trusted titles and best-sellers across business, personal growth, and the humanities. Includes unlimited reading time and Standard Read Aloud voice.
- Complete: Perfect for advanced learners and researchers needing full, unrestricted access. Unlock 1.4M+ books across hundreds of subjects, including academic and specialized titles. The Complete Plan also includes advanced features like Premium Read Aloud and Research Assistant.
Please note we cannot support devices running on iOS 13 and Android 7 or earlier. Learn more about using the app.
Information
Table of contents
- Capitalism and Its Legitimacy in Times of Crisis
- 1 A Legitimation Crisis of the Capitalist Market Economy?
- 2 Justifying and Criticizing the Capitalist Market Economy: A Typology of Legitimation Criteria
- 3 Legitimation Discourse before and after the Financial Crisis: Contours and Trajectories
- 4 Making Sense of the Great Recession: Responsibility Attributions in Tough Times
- 5 Metaphorical Anticapitalism: Regulation, Not Transformation
- 6 Narrative Legitimation: The Capitalist Market Economy as a Success Story
- 7 (De-)Legitimating Discourse Networks: Smoke without Fire?
- 8 Capitalism’s Resilience after the Financial Crisis: A Discursive Explanation
- Index