Of Paradigms and Power

British Economic Policy Making since Thatcher

Martin B. Carstensen, Matthias Matthijs

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Resumé

How do ruling policy paradigms persist over time and why do they often undergo significant internal ideational changes? While the impact of Peter Hall's approach to policy paradigms on the study of governance has been immense, there is a burgeoning consensus that a “Kuhnian” understanding of paradigms makes punctuated equilibrium style shifts the only game in town. While Hall's approach can account for inter‐paradigm change with reference to exogenous shocks, it does not allow for significant ideational shifts to occur intra‐paradigm. To remedy this, we place ideational power dynamics at the heart of the study of policy paradigms. We demonstrate the general applicability of our approach by examining the evolution of British macroeconomic policy‐making since 1990. We show how key policy‐makers were able to employ their institutional and ideational power to reinterpret and redefine the dominant neoliberal understanding of the economy to match their own specific ideas and policy priorities.
OriginalsprogEngelsk
TidsskriftGovernance: An international journal of Policy, Administration, and Institutions
Vol/bind31
Udgave nummer3
Sider (fra-til)431-447
Antal sider17
ISSN0952-1895
DOI
StatusUdgivet - jul. 2018

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Of Paradigms and Power : British Economic Policy Making since Thatcher. / Carstensen, Martin B.; Matthijs, Matthias.

I: Governance: An international journal of Policy, Administration, and Institutions, Bind 31, Nr. 3, 07.2018, s. 431-447.

Publikation: Bidrag til tidsskriftTidsskriftartikelForskningpeer review

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