This international collection studies how the financial crisis of 2007 and the ensuing economic and political crises in Europe and North America have triggered a process of change in the field of economics, law and politics. Contributors to this book argue that both elites and citizens have had to rethink the nature of the market, the role of the state as a market regulator and as a provider of welfare, the role of political parties in representing society's main political and social cleavages, the role of civil society in voicing the concerns of citizens, and the role of the citizen as the ultimate source of power in a democracy but also as a fundamentally powerless subject in a global economy.

The book studies the actors, the areas and the processes that have carried forward the change and proposes the notion of 'incomplete paradigm shift' to analyse this change. Its authors explore the multiple dimensions of paradigm shifts and their differentiated evolution, arguing that today we witness an incomplete paradigm shift of financial regulations, economic models and welfare systems, but a stillbirth of a new political and economic paradigm.

Autorentext

Pablo Iglesias-Rodríguez is Lecturer in International Financial Law at the University of Sussex, UK. He is the author of The Accountability of Financial Regulators (2014).

Anna Triandafyllidou is Professor at the Global Governance Programme, Robert Schuman Centre for Advanced Studies, European University Institute, Italy. She is also Visiting Professor at the College of Europe, Belgium and Editor-in-Chief of the Journal of Immigrant and Refugee Studies. Her most recent book (with Ruby Gropas) is What is Europe (Palgrave, 2015).

Ruby Gropas is Research Fellow in the at the Global Governance Programme, Robert Schuman Centre for Advanced Studies, European University Institute, Italy. She is Visiting Professor at the College of Europe, Belgium. She is Book Review Editor for the Journal of Common Market Studies. Sheis the author (with A. Triandafyllidou) of What is Europe (Palgrave, 2015).

Inhalt

1. Has the Financial Crisis led to a Paradigm Shift?; **Pablo Iglesias-Rodríguez, Ruby Gropas and Anna Triandafyllidou.- 2. Paradism Shift in Financial-Sector Policymaking Models: From Industry-Based to Civil Society-based EU Financial Services Governance; Pablo Iglesias-Rodríguez.- 3. Changing Perceptions of Systemic Risk in Financial Regulation; Caroline Bradley.- From National to Supranational: A Paradigm Shift in Political Economy; Guido Montani.- 5. Growth and Welfare: Shifts in Labour Market Policies; Henri Sneessens.- 6. Rethinking E(M)U Governance from the Perspective of Social Investment; Anton Hemerijck.- 7. Creative Resistance in times of Economic Crises: Community Engagement, Non-Capitalist Creative Practices and Provoking Shifts at the Local Level; Ruby Gropas.- 8. EU Civil Society and the Crisis: Changing Channels and Organizational Patters in European Transnational Civil Society; Alison E. Woodward.- 9. The Restructuring of the Western European Party Space in the Crisis: A Comparative Study of Austria, France, and Germany; Jasmine Lorenzini, Swen Hutter, and Hanspeter Kriesi.- 10. 'Tina' Revisited: Why Alternative Narratives of the Eurozone Crisis Matterl Ukrike Liebert.- 11. From One-Directional to Multi-Directional Paradigm Shift; Pablo Iglesias-Rodriguez, Anna Triandafyllidou, Ruby Gropas.

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