Political Elites in the Transatlantic Crisis

by H. Best (Editor), J. Higley (Editor)

Overview

Beliefs held by US and European elites about unregulated markets and a currency union without fiscal union led to a transatlantic crisis unmatched in severity since the Great Depression. Leading scholars of elites analyze how elites have responded to the crisis, are altered by it and what this 'hour of elites' means for democracy.

Product Details

ISBN-13:	9781137345745
Publisher:	Palgrave Macmillan UK
Publication date:	03/07/2014
Edition description:	2014
Pages:	188
Product dimensions:	5.30(w) x 8.60(h) x 0.70(d)

About the Author

Maurizio Cotta, University of Siena, Italy G. William Domhoff, University of California, Santa Cruz, USA Fredrik Engelstad, University of Oslo, Norway Joseph V. Femia, University of Liverpool, UK Pavol Friis Charles University, Czech Republic David Lane, University of Cambridge György Lengyel, Corvinus University, Hungary Alasdair Marshall, University of Southampton, UK Jan Pakulski the University of Tasmania, Australia Soña Szomolányi Comenius University, Slovakia

Table of Contents

1. Introduction: The Transatlantic Crisis; Heinrich Best and John Higley 2. Structure and Agency: Lessons from Pareto on the Study of Elites, Democracy and Crisis; Joseph V. Femia 3. Is 'Europe' the Lesser Evil? Limits of Elite Crisis Resolution in a Limitless Crisis; Heinrich Best 4. Facing the Crisis: The European Elite System's Changing; Geometry; Maurizio Cotta 5. Central European Elites in the Crisis; Pavol Friis, György Lengyel, Jan Pakulski and Soña Szomolanyi 6. British Elite De-Coupling from Classes Amid Crisis and Globalization; David Lane 7. Why Can't US Business Elites be Moderate Keynesians? The Issue is Power, not Economics; G. William Domhoff 8. Elite Compromise, Crisis and Democracy: The US, Norway and Italy Compared; Fredrik Engelstad 9. When Political and Financial Elites Clash: Narratives of Blame, Power and Legitimacy; Alasdair Marshall 10. The Hour of Elites: Conclusions; Heinrich Best and John Higley

Editorial Reviews

'A masterful portrait of how non-elected (and elected) elites have been pivotal actors in the 2008 financial crisis and its aftermath, bringing together a group of excellent analyses by leading scholars of the field.'

Antonio Costa Pinto, Institute of Social Sciences, University of Lisbon, Portugal

"While economists rushed to publish their explanations for the causes of the 2008 financial crisis, little has been written about its impact on political systems. This collection of essays by a distinguished panel of authors shows how elites struggled to shore up the existing system of Euro-Atlantic institutions. Globalization has its limits, and national political elites still have a role to play, but it is unclear whether they are capable of acting together to prevent future systemic crises.'

- Peter Rutland, Government Department, Wesleyan University, USA

From the Publisher