Never Let a Serious Crisis Go to Waste

by Philip Mirowski

  Berg, Nathan, and Gerd Gigerenzer. “As-if Behavioral Economics: Neoclassical Economics in Disguise?” History of Economic Ideas 18 (2010): 133–65.

  Berlin, Isaiah. “Two Concepts of Liberty,” in Four Essays on Liberty (Oxford: Oxford University Press, 1969 [1958]).

  Bernanke, Ben. Congressional testimony, July 20, 2006.

  Bernanke, Ben. Congressional testimony, March 28, 2007, available at www.federalreserve.gov/newsevents/testimony/bernanke20070328a.htm.

  Bernanke, Ben. Essays on the Great Depression (Princeton: Princeton University Press, 2004).

  Bernanke, Ben. “Global Imbalances: Links to Economic and Financial Stability” (2011), available at www.federalreserve.gov/newsevents/speech/bernanke20110218a.htm.

  Bernanke, Ben. “The Great Moderation” (2004), www.federalreserve.gov/Boarddocs/Speeches/2004/20040220/default.htm.

  Bernanke, Ben. “On the Implications of the Financial Crisis for Economics,” September 24, 2010, available at www.federalreserve.gov/newsevents/speech/bernanke20100924a.htm.

  Bernanke, Ben. “The US Economic Outlook” (2011), available at www.federalreserve.gov/newsevents/speech/bernanke20110908a.htm.

  Bernanke, Ben, and Mark Gertler. “Agency Costs, Net Worth and Business Fluctuations,” American Economic Review 79 (1989): 14–31.

  Bernstein, Peter. Capital Ideas (New York: Free Press, 1992).

  Berrett, Dan. “Not Just Florida State,” Inside Higher Ed, June 28, 2011.

  Bess, Michael. “Blurring the Boundary between Person and Product: Human Genetic Technologies,” Hedgehog Review, Summer 2011, 56–67.

  Beucke, Dan. “BATS: The Epic Fail of the Worst IPO Ever,” BusinessWeek, March 23, 2012.

  Bini, Piero, and Luigino Bruni. “Intervista a Gerard Debreu,” Storia del Pensiero Economico 35 (1998): 3–29.

  Birch, Kean. “Have We Ever Been Neoliberal?” (2011), available at www.iippe.org/wiki/images/c/cd/Working_Paper_Ever_Neoliberal.pdf

  Birch, Kean, and Vlad Mykhnenko, eds. The Rise and Fall of Neoliberalism: The Collapse of an Economic Order? (London: Zed, 2010).

  Blackburn, Robin. “The Subprime Crisis,” New Left Review 50 (2008): 63–106.

  Blanchard, Olivier. “The State of Macro,” NBER Working Paper 14259 (2008).

  Blanchard, Olivier, Giovanni Dell’Ariccia, and Paolo Mauro. “Rethinking Macro Policy,” February 16, 2010, available at www.voxeu.org

  Blinder, Alan. Hard Heads, Soft Hearts (Reading: Addison-Wesley, 1987).

  Blundell, John. Waging the War of Ideas, 2nd ed. (London: Institute of Economic Affairs, 2003).

  Boas, Taylor, and Jonas Gans-Morse. “Neoliberalism: From New Liberal Philosophy to Anti-Liberal Slogan,” Studies in International Development 44 (2) (2009): 137–61.

  Bockman, Johanna. Markets in the Name of Socialism (Stanford: Stanford University Press, 2011).

  Boltanski, Luc, and Eve Chiapello. The New Spirit of Capitalism (London: Verso, 2005).

  Bonefeld, Werner. “Freedom and the Strong State,” New Political Economy 17 (2012): 633-656.

  Bookstaber, Richard. A Demon of Our Own Design (New York: Wiley, 2007).

  Bourdieu, Pierre. “The Essence of Neoliberalism,” Le Monde Diplomatique, December 8, 1998.

  Bowmaker, Simon, ed. Economics Uncut: The Complete Guide to Life, Death and Misadventure (Cheltenham, U.K.: Elgar, 2005).

  Bowman, Andrew, Mick Moran, and Karl Williams. “The (Mis)rule of the Econocrats,” OpenDemocracy blog, April 19, 2012.

  Bowman, Andrew, et al. Scapegoats Aren’t Enough: A Leveson for the Banks? CRESC policy brief, July 2012, available at www.cresc.ac.uk/sites/default/files/LEVESON%20FOR%20THE%20BANKS%202012%2007%2001.pdf.

  Boyes, Roger. Meltdown Iceland (New York: Bloomsbury, 2009).

  Bradley, Richard. Harvard Rules (New York: HarperCollins, 2005).

  Brand, Ulrich, and Nicola Seckler, eds. Postneoliberalism—A Beginning Debate. Special Issue of Development Dialogue, no. 51 (2009).

  Brenner, Neil, Jamie Peck, and Nik Theodore. “Variegated Neoliberalization: Geographies, Modalities, Pathways,” Global Networks 10 (2010): 182–222.

  Brenner, Robert. “What Is Good for Goldman Sachs Is Good for America” (2009), http://escholarship.org/uc/item/0sg0782h.

  Brock, William, and David Colander. “Complexity, Pedagogy, and the Economics of Muddling Through,” in Alan Kirman and M. Salzano, eds., Economics Complex Windows (Berlin: Springer Verlag, 2005).

  Brocking, Ulrich, Susanne Krasmann, and Thomas Lemke, eds. Governmentality: Current Issues and Future Challenges (London: Routledge, 2011).

  Brown, Wendy. “American Nightmare: Neoliberalism, Neoconservatism, and De-democratization,” Political Theory 34 (2006): 690–714.

  Brown, Wendy. Edgework (Princeton: Princeton University Press, 2005).

  Brunnermeier, Markus. “Deciphering the Liquidity and Credit Crunch 2007–8,” Journal of Economic Literature 23 (2009): 77–100.

  Brunnermeier, Markus, Thomas Eisenbach, and Yuliy Sannikov. “Macro­economics with Financial Frictions: A Survey,” paper presented to 22nd Jerusalem Summer School in Economic Theory, 2011.

  Brush, Silla, and Clea Benson. “Forged Comment Letters Sent to U.S. Regulators Writing Derivative Rules,” Bloomberg News, November 30, 2010 at www.bloomberg.com/news/2010-11-30/forged-comment-letters-sent-to-u-s-regulators-writing-derivatives-rules.html.

  Buchanan, James. Ideas, Persons and Events, vol. 19 of Collected Works (Indianapolis: Liberty Fund, 2001).

  Buchanan, James. Why I, Too, Am Not a Conservative (Cheltenham, U.K.: Elgar, 2005).

  Buchanan, James, and Viktor Vanberg. “Constitutional Choice, Rational Ignorance and the Limits of Reason” (1991), in Viktor Vanberg, Rules and Choice in Economics (London: Routledge, 1994).

  Buckley, Adrian. Financial Crisis: Causes, Context, Consequences (Harlow, U.K.: Financial Times Prentice Hall, 2011).

  Buiter, Willem. “The Unfortunate Uselessness of Most State of the Art Academic Monetary Economics” (2009), at www.voxeu.org/index.php?q=node/3210.

  Bullock, Penn. “Friedman Economics,” Reason Magazine, September 2009.

  Burgin, Angus. “The Political Economy of the Early Mont Pèlerin ­Society,” paper presented to History of Economics Society, 2007.

  Burgin, Angus. The Return of Laissez Faire, Harvard PhD thesis, 2009.

  Burns, Jennifer. Goddess of the Market (New York: Oxford University Press, 2009).

  Burton, Bob. “Atlas Research Foundation: The Think Tank Breeders,” PR Watch vol. 11, no. 3, 2004.

  Byrne, Janet, ed. The Occupy Handbook (Boston: Back Bay, 2012).

  Caballero, Ricardo. “Macroeconomics After the Crisis,” Journal of Economic Perspectives 24 (2010): 85–102.

  Calabria, Mark. “Fannie, Freddie and the Subprime Mortgage Market,” Cato brief #120, 2011, at www.cato.org/pub_display.php?pub_id=12846.

  Caldwell, Bruce. “The Chicago School, Hayek, and Neoliberalism,” in Van Horn et al., Building Chicago Economics.

  Caldwell, Bruce. Hayek’s Challenge (Chicago: University of Chicago Press, 2004).

  Calhoun, Craig, and Georgi Derluguian, eds. The Deepening Crisis: Governance Challenges After Neoliberalism (New York: New York University Press, 2011).

  Callinicos, Alex. Bonfire of Illusions (Cambridge, U.K.: Polity, 2010).

  Callon, Michel. The Laws of the Markets (New York: Blackwell, 1998).

  Calomiris, Charles, and Peter Wallison. “Blame Fannie Mae and Congress for the Credit Mess,” Wall Street Journal, October 23, 2008.

  Calvo, Guillermo. “Yes, the Rich Will Drive Recovery,” Economist, September 6, 2010, available at www.economist.com/economics/by-invitation/guest-contributions.

  Camerer, Colin, George Loewenstein, and Darzen Prelec. “Neuroeconomics: How Neuroscience Can Inform Economics,” Journal of Economic Literature 43 (2005): 9–64.

  Campbell, John. “Neoliberalism in Crisis: Regulatory Roots of the U.S. Financial Meltdown,” Research in the Sociology of Organ
izations 30B (2010): 65–101.

  Campbell, John, and Ove Pedersen, eds. The Rise of Neoliberalism and Institutional Analysis (Princeton: Princeton University Press, 2001).

  Campos, Nauro, and Jeffrey Nugent. “Why Has This One Been Such a Disappointing Crisis?” July 10, 2011, at www.voxeu.org.

  Caplin, Andrew, and Andrew Schotter, eds. The Foundations of Positive and Normative Economics (Oxford: Oxford University Press, 2008).

  Carey, Mark, and Rene Stulz, eds. The Risks of Financial Innovations (Chicago: University of Chicago Press, 2006).

  Carrick-Hagenbarth, Jessica, and Gerald Epstein. “Dangerous Interconnectedness: Conflicts of Interest, Ideology and the Financial Crisis,” Cambridge Journal of Economics 36 (2012): 43–63.

  Cassidy, John. How Markets Fail (New York: Farrar, Straus and Giroux, 2009)

  Cassidy, John. “No Credit: Timothy Geithner’s Financial Plan Is Working,” The New Yorker, March 15, 2010.

  Cassidy, John. “Rational Irrationality,” Chicago Interviews, The New Yorker, January 21, 2010, at www.newyorker.com/online/blogs/johncassidy/chicago-interviews/.

  Cecchetti, Stephen, and Enisse Kharroubi. “Reassessing the Impact of Finance on Growth,” Bank for International Settlements Working Paper, 2012.

  Cerny, Philip. “Embedding Neoliberalism: The Evolution of a Hegemonic Paradigm,” Journal of International Trade and Diplomacy 2 (2008): 1–46.

  Chakrabortty, Aditya. “Angry Economists Can’t Answer My Criticism That There’s Too Little Analysis of Our Current Crisis” Guardian, May 7, 2012, at: www.guardian.co.uk/commentisfree/2012/may/07/academics-cant-answer-criticism-analysis.

  Chan, Sewell. “Academic Economists to Consider Ethics Code,” New York Times, December 30, 2010.

  Chan, Sewell. “Bernanke Defends Fed’s Ability to Supervise Banks,” New York Times, February 26, 2010.

  Chan, Sewell. “Dissenters Fault Report on Crisis in Finance,” New York Times, January 26, 2011.

  Chan, Sewell, and Ben Protess. “Cross Section of Rich Invested with Fed,” New York Times, December 2, 2010.

  Chang, Ha-Joon. “The Revival—and the Retreat—of the State?” Red Pepper, June 2011.

  Christi, F. R. “Hayek and Schmitt on the Rule of Law,” Canadian Journal of Political Science 17 (1984): 521–35.

  Christi, Renato. Carl Schmitt and Authoritarian Liberalism (Cardiff: University of Wales Press, 1998).

  Chwieroth, Jeffrey. Capital Ideas: The IMF and the Rise of Financial Liberalization (Princeton: Princeton University Press, 2010).

  Clark, Gregory. “Where’s My Money, Idiot?” (2009) at Atlantic magazine blogs: http://business.theatlantic.com/2009/02/wheres_my_money_idiot.php.

  Clarke, John. “Living with/in and without Neoliberalism,” Focaal 51 (2008): 135–47.

  Coase, Ronald. Essays on Economics and Economists (Chicago: University of Chicago Press, 1994).

  Coase, Ronald. “The Problem of Social Cost,” Journal of Law and Economics 3 (1960): 1–44.

  Cochrane, John. “Lessons from the Financial Crisis,” Regulation, Winter 2009.

  Cochrane, John. “Presidential Address: Discount Rates,” Journal of Finance 66 (2011): 1047–1108.

  Cockett, Richard. Thinking the Unthinkable: Think Tanks and the Economic Counter-revolution, 1931–83 (London: Fontana, 1995).

  Cohan, William. “Endless Summers,” Vanity Fair, December 2009.

  Cohen, Patricia. “Ivory Tower Unswayed by Crashing Economy,” New York Times, March 5, 2009.

  Colander, David. “The Death of Neoclassical Economics,” Journal of the History of Economic Thought 22 (2000): 127–43.

  Colander, David. “How Did Macroeconomic Theory Get So Far off Track?” in E. Hein, T. Niechoj, and E. Stockhammer, eds. Macroeconomic Policies on Shaky Foundations (Marburg, Germany: Metropolis Verlag, 2009).

  Colander, David. The Making of an Economist Redux (Princeton: Princeton University Press, 2007).

  Colander, David, Rick Holt, and Barkley Rosser. “The Changing Face of Economics,” The Long Term View 7 (1) (2008): 31–42.

  Colander, David, Rick Holt, and Barkley Rosser. “Live and Dead Issues in the Methodology of Economics,” Journal of Post Keynesian Economics 30 (2007): 303–12.

  Colander, David, et al. “Beyond DSGE Models,” American Economic Review, Papers and Proceedings 98 (2) (2008): 236–40.

  Colander, David, et al. The Financial Crisis and the Systemic Failure of Academic Economists [“Dahlem Report”] (2009), at www.debtdeflation.com/blogs/wp-content/uploads/papers/Dahlem_Report_EconCrisis021809.pdf.

  Colchester, Max. “Setback for Soros in Paris,” Wall Street Journal, October 7, 2011.

  Congleton, Roger. “On the Political Economy of the Financial Crisis and Bailout 2008–9,” Public Choice 140 (2009): 287–317.

  Cook, Daniel, Elizabeth Boyd, Claudia Grossman, and Lisa Bero. “Reporting Science and Conflicts of Interest in the Lay Press,” PLoS One 12 (December 2007): e1266.

  Cooke, Kristina, and Emily Flitter. “Economists Display Little Interest in Ethics Code,” Reuters, July 8, 2011, at http://ca.reuters.com/article/newsOne/idCATRE7673XK20110708.

  Cooper, Melinda. “Complexity Theory after the Crisis: The Death of Neoliberalism or the Triumph of Hayek?” Journal of Cultural Economy 4 (2011): 371–85.

  Cooper, Melinda. “Foucault, Neoliberalism and the Iranian Revolution,” in Vanessa Lemm and Miguel Vatter, eds., The Government of Life: Michel Foucault and Neoliberalism (New York: Fordham University Press, 2012).

  Cooper, Melinda. Life as Surplus (Seattle: University of Washington Press, 2008).

  Corkery, Michael. “Ben Bernanke’s Labor Day Reading List,” Wall Street Journal, September 2, 2010.

  Couldry, Nick. “Reality TV, or the Secret Theatre of Neoliberalism,” Review of Education, Pedagogy and Cultural Studies 30 (2008): 3–13.

  Covington, Sally. “Moving Public Policy to the Right,” in Daniel Faber and Deborah McCarthy, eds., Foundations for Social Change (Lanham, Md.: Rowman & Littlefield, 2005).

  Cowen, Tyler. Create Your Own Economy (New York: Dutton, 2009).

  Cowen, Tyler. “Why Everything Has Changed: The Recent Revolution in Cultural Economics,” Journal of Cultural Economics 32 (2008): 261–73.

  Coy, Peter. “What Good Are Economists Anyway?” Business Week, April 16, 2009.

  Coyle, Diana. “The Public Responsibilities of the Economist,” Tanner Lectures, 2012, at www.enlightenmenteconomics.com/blog/index.php/2012/06/a-macroeconomist-tells-me-off/.

  Crabtree, Susan. “Paul Ryan’s $700-Wine-Sipping Buddies,” Talking Points Memo, July 9, 2011.

  Cramton, Peter. “Auctioning the Digital Dividend” (2008), available at www.cramton.umd.edu/papers2005-2009/cramton-auctioning-the-digital-dividend.pdf.

  Cramton, Peter. “Market Design: Harnessing Market Methods to Improve Resource Allocation,” American Economic Association, Ten Years and Beyond: Economists Answer NSF’s Call for Long-Term Research Agendas (2010), available at http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1888577.

  Cressy, Daniel. “Geoengineering Experiment Cancelled Amid Patent Row,” Nature 15, May 2012.

  Crouch, Colin. The Strange Non-Death of Neoliberalism (Cambridge, U.K.: Polity, 2011).

  Dardot, Pierre, and Christian Laval. La nouvelle raison du monde. Essai sur la societé néolibérale (Paris: La Decouverte, 2009).

  Dash, Eric. “Feasting on Paperwork,” New York Times, September 9, 2011.

  Davidson, Adam. “Prime Time for Paul Ryan’s Guru (the One That’s Not Ayn Rand),” New York Times, August 21, 2012.

  Davies, William. “The Emerging Neo-communitarianism,” Political Quarterly 83 (2012): 767-776.

  Davies, William. “When is a Market Not a Market?” Theory, Culture and Society, forthcoming 2013.

  Davies, William, & Linsey McGoey. “Rationalities of Ignorance: On the Financial Crisis and the Ambivalence of Neoliberal Epistemology,” Economy and Society 41 (2012): 64–83.

  Daviron, Ben
oit, and Stefano Ponte. The Coffee Paradox (London: Zed, 2005).

  Davis, John. “The Change In and Recent State of Economics,” The Long Term View 7 (1) (2008): 7–13.

  Davis, John. Individuals and Identity in Economics (New York: Cambridge University Press, 2011).

  Davis, John. The Theory of the Individual in Economics (London: Routledge, 2003).

  Davis, John. “The Turn in Economics: Neoclassical Dominance to Mainstream Pluralism?” Journal of Institutional Economics 2 (2006): 1–20.

  Davis, John. “The Turn in Recent Economics and the Return of Orthodoxy,” Cambridge Journal of Economics 32 (2008): 349–66.

  Davis, Mike, and Daniel Monk, eds. Evil Paradises (New York: New Press, 2007).

  Dean, Mitchell. “Rethinking Neoliberalism,” Journal of Sociology (2012), at: http://jos.sagepub.com/content/early/2012/04/19/1440783312442256.abstract

  De Grauwe, Paul. “The Scientific Foundation of DSGE Models,” Public Choice 144 (2010): 413–43.

  DeLong, Brad. “Economics in Crisis” (2011), www.project-syndicate.org.

  DeMartino, George. The Economist’s Oath (New York: Oxford University Press, 2011).

  Denord, Francois. Néo-Libéralisme version francais (Paris: Demopolis, 2007).

  De Soto, Hernando. “The Destruction of Economic Facts,” Business Week, April 28, 2011.

  Deuber-Mankowsky, Astrid. “Nothing Is Political, Everything Can Be Politicized: On the Concept of the Political in Michel Foucault and Carl Schmitt,” Telos 142 (2008): 135–61.

  Diamond, Douglas, and Philip Dybvig. “Bank Runs, Deposit Insurance and Liquidity,” Journal of Political Economy 91 (1983): 401–19.

  Diamond, Marie. “The Return of Debtor’s Prisons” (2011), at http://thinkprogress.org/justice/2011/12/13/388303/the-return-of-debtors-prisons-thousands-of-americans-jailed-for-not-paying-their-bills/.

  Diamond, Sara. Not by Politics Alone (New York: Guilford Press, 1998).

  Diamond, Sara. Roads to Dominion (New York: Guilford Press, 1995).

  Dickinson, Tom. “How Roger Ailes Built the Fox News Fear Factory,” Rolling Stone, May 25, 2011.

  DiMaggio, Anthony. The Rise of the Tea Party (New York: Monthly Review Press, 2011).

  Dittmer, Andrew. “Journey into a Libertarian Future” (2011), at www.nakedcapitalism.com/2011/11/journey-into-a-libertarian-future-part-i-%E2%80%93the-vision.html.