'The Perils of Paradigm Maintenance in the Face of Crisis'
Andrew Fischer publishes chapter in a book edited by the United Nations Research Institute of Social Development on the Global Economic Crisis, entitled The Global Crisis and Transformative Social Change (Palgrave Macmillan).
About the chapter
Andrew's chapter is entitled 'The Perils of Paradigm Maintenance in the Face of Crisis.'
Based on a contribution to an UNRISD conference on the crisis in 2009, he argues that the return to Keynesian narratives that accompanied the crisis has been usurped to a large extent by erstwhile propagators of the orthodox policy paradigm and, through a variety of rhetorical twists devoid of Keynes’s most essential insights, is being used to reconstitute this orthodoxy in the current responses to the crisis.
This process of paradigm maintenance needs to be urgently addressed if the opportunity presented by crisis is to be leveraged for a return to a more progressive, inclusive and developmental policy paradigm in both the North and the South. Failing this, current orthodoxies risk being reconstituted or even reinforced.
Through a sense of complacency that the ‘consensus has been shattered’ – a conventional wisdom common among both Left and Right – we risk finding ourselves soon entering a new round of radical systemic adjustments producing development debacles similar to those of the early 1980s.
Other contributors include: Bob Jessop , Diane Elson, Bob Deacon, Ben Fine and Sarah Cook.
About Andrew Fischer
Andrew Fischer is senior lecturer in population and social policy at ISS. His research evolves around marginalized and/or disadvantaged peoples, including issues of poverty, inequality, social exclusion, disadvantage, discrimination, and social conflict, and how these are affected by various patterns of economic growth, modes of social policy provisioning, and aid.
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Publication date: 14 May 2012