The 2008 crisis failed to produce a paradigmatic shift comparable to the New Deal.

Evidence

Still, as Ka¨dtler (2011) has pointed out, the financial crisis has not led to a paradigmatic shift in economic thinking, like the one that resulted in the New Deal of the 1930s. This leaves the difficult yet important task for policy-makers and academics alike to propose alternative models of twenty-first century capitalism that may bring long-term sustainability, inclusiveness and equality. — Natascha van der Zwan, Making Sense of Financialization, 115

Categorization

• SEED: An essay comparing why crises sometimes induce paradigm shifts (1930s) and sometimes don’t (2008) — institutional, political, epistemic conditions.
• corroborated: 2 independent passages support this claim — Natascha van der Zwan, Making Sense of Financialization, 115
• XREF: connects to: The 2008 crisis invalidated the preceding thirty years of financial orthodoxy — Mark Blyth, Austerity: The History of a Dangerous…, 133; The 2008 crisis disoriented the left instead of vindicating its economic worldview — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 46; The 2008 crisis was expected to falsify neoliberal doctrine but did not — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 80 (+8 more)

Related

• The 2008 crisis invalidated the preceding thirty years of financial orthodoxy (similarity 0.86)
• The 2008 crisis was expected to falsify neoliberal doctrine but did not (similarity 0.84)
• The 2007-8 crisis failed to dislodge neoliberal policy dominance. (similarity 0.84)
• The 2008 crisis was fundamentally a crisis of economic ideas (similarity 0.83)
• The 2008 crisis killed none of the dominant economic doctrines. (similarity 0.83)
• The 2008 crisis falsified neoclassical economic theory yet elites kept using it. (similarity 0.83)
• The 2008 subprime crisis confirmed central predictions of financialization studies. (similarity 0.83)
• The 2008 crisis disoriented the left instead of vindicating its economic worldview (similarity 0.82)
• The 2008 crisis was widely read as ending the free-market era. (similarity 0.82)
• The 2008 crisis killed none of the economic ideas that caused it (similarity 0.82)
• The 2008 crisis reinforced rather than refuted neoliberal and orthodox economic doctrine (similarity 0.81)
• The 2008 crisis produced no genuine reform and empowered the political right (similarity 0.81)
• Economics survived the 2008 crisis intellectually unscathed, unlike other disciplines under attack (similarity 0.81)
• The 2008 crisis briefly revived Keynesian fiscal stimulus across academia and institutions (similarity 0.81)
• Neoliberalism survived the 2008 crisis relatively unscathed. (similarity 0.81)

Broader Connections

• The 2008 crisis killed none of the economic ideas that caused it #corroborates (0.90) — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 44
• Crisis commentary from 2008-10 shared one syllogism, that failure proves neoliberalism dying #contradicts (0.85) — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 93
• The 2008 crisis replaced triumphalist free-market rhetoric with open-ended austerity #corroborates (0.82) — Max Haiven, Cultures of Financialization, 158
• The 2008 crisis was fundamentally a crisis of economic ideas #qualifies (0.75) — Mark Blyth, Austerity, 132
• 2008’s crisis installed speculation as the defining modern economic subjectivity #expands (0.75) — Aris Komporozos-Athanasiou, Speculative Communities, 25