Post-crisis orthodoxy rebounded as the left lacked a diagnosis

Evidence

Many at the conference confessed their perplexity as “The crisis is over, but where was the fix?” The political debacle of the “rescue package” promulgated throughout the West was acknowledged by all and sundry, although accounts concerning the nature and causes of the failure would have drawn much less consensus. … And worse, while the authorities dithered, the Ghoulish Creatures of the Right had gotten back up, dusted themselves off, and discovered renewed strength. Economists such as Ken Rogoff and Carmen Reinhart had the audacity to stand up at INET and treat the contemporary world crisis as just another ho-hum business cycle: nothing untoward or unprecedented had happened here. Thus doctrines concocted at the American Enterprise Institute and the Cato Institute began their slow seepage back into respectability. — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 16

Categorization

• XREF: Connects to Mirowski’s central thesis (later chapters trace the thought collective) and to the broader literature on why 2008 produced no intellectual rupture. — connects to: Left responses to crisis fail because they seek restoration instead of reconstruction — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 903; Left economists’ voluntary adherence to orthodoxy explains the left’s failure post-2008. — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 58; The 2008 crisis disoriented the left instead of vindicating its economic worldview — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 46 (+4 more)
• corroborated: 3 independent passages support this claim — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 16

Broader Connections

• Left economists’ voluntary adherence to orthodoxy explains the left’s failure post-2008. #expands (0.85) — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 58
• The 2008 crisis disoriented the left instead of vindicating its economic worldview #corroborates (0.82) — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 46
• The 2008 crisis reinforced rather than refuted neoliberal and orthodox economic doctrine #corroborates (0.80) — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 100
• Left responses to crisis fail because they seek restoration instead of reconstruction #expands (0.78) — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 903
• Post-crisis commentary failures stem from refusing to admit the ideology itself failed #expands (0.77) — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 35
• The crisis narrative blaming government interference absorbed leftwing grievances to defend market orthodoxy #expands (0.75) — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 496
• Economic orthodoxy’s stagnation hurt the left’s credibility more than the right’s #qualifies (0.72) — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 24