By Pablo Iglesias-Rodriguez, Anna Triandafyllidou, Ruby Gropas
This overseas assortment reports how the monetary situation of 2007 and the resultant monetary and political crises in Europe and North the US have prompted a means of swap within the box of economics, legislations and politics. members to this e-book argue that either elites and voters have needed to reconsider the character of the industry, the function of the nation as a industry regulator and as a supplier of welfare, the function of political events in representing society’s major political and social cleavages, the position of civil society in voicing the troubles of electorate, and the function of the citizen because the final resource of energy in a democracy but in addition as a essentially powerless topic in a world economy.
The e-book reports the actors, the components and the tactics that experience carried ahead the swap and proposes the thought of ‘incomplete paradigm shift’ to examine this alteration. Its authors discover the a number of dimensions of paradigm shifts and their differentiated evolution, arguing that this day we witness an incomplete paradigm shift of monetary rules, financial types and welfare structures, yet a stillbirth of a brand new political and monetary paradigm.
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Extra info for After the Financial Crisis: Shifting Legal, Economic and Political Paradigms
Iglesias-Rodríguez With regard to the first claim, one of the criticisms made by UNI Europa was that, despite the possibility of appointing various representatives of employees to the BSG, the EBA only appointed one and that this was in contravention of the requirement of balanced representation among stakeholder categories consecrated by the EBA Regulation. UNI Europa claimed that, as a result, such category remained under-represented (Case: 1966/2011/LP, paras 35–37). The EO indeed questioned the rationale of the EBA’s appointments and found an instance of maladministration (Case: 1966/2011/LP, para 41): Even though the Regulation [EBA Regulation] does not fix the number of members to be appointed to this category [employees’ representatives] and the EBA, therefore, has discretion as to how many members should be foreseen, the decision to limit this number to just one raises serious questions.
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Cambridge: Cambridge University Press. Krugman, P. 2012. Europe’s Austerity Madness. _r=0, last accessed on 13 February 2015. Kuhn, T. 1962. The Structure of Scientific Revolutions. Chicago: University of Chicago Press 1962 1st edition; 2nd edition 1970. Leconte, C. 2010. Understanding Euroscepticism. London: Palgrave Macmillan. Trenz. 2011. The New Politics of European Civil Society. London: Routledge. Mair, P. 2009. Representative versus Responsible Government. MplfG Working Paper 09/8. ——— 2007.
After the Financial Crisis: Shifting Legal, Economic and Political Paradigms by Pablo Iglesias-Rodriguez, Anna Triandafyllidou, Ruby Gropas