The post-crisis INET conferences drifted toward orthodox star power rather than new economic thinking

Evidence

I remember when I first felt that chill shiver of recognition that the aftermath of the crisis might be suspended in a fugue state far worse than the somnolent contraction itself. … But the sequel turned out to be a profoundly more unnerving and chilly affair, and not just due to the caliginous climate. The nightmare scenario began with a parade of figures whom one could not in good conscience admit to anyone’s definition of “New Economic Thinking”: Ken Rogoff, Larry Summers, Barry Eichengreen, Niall Ferguson, and Gordon Brown. … The range of economic positions proved much less varied than at the first meeting, and one couldn’t help notice that the agenda seemed more pitched toward capturing the attention of journalists and bloggers, and those more interested in getting to see some star power up close than sampling complex thinking outside the box. It bespoke an unhealthy obsession with Guaranteed Legitimacy and Righteous Sound Thinking. — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 10

Categorization

  • XREF: Connects to the recurring theme in Mirowski’s other work that ‘new economic thinking’ institutions were captured by existing power structures. — connects to: Post-crisis economic consensus lists were dominated by orthodox defenders — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 537; The 2008 crisis reinforced rather than refuted neoliberal and orthodox economic doctrine — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 100
  • corroborated: 3 independent passages support this claim — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 10

Broader Connections