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The Asian crisis and the shaping of 'proper' economies

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  • Jakob Vestergaard

Abstract

The latter half of the 1990s saw a new international agenda develop: the 'strengthening of the international financial system' through the globalisation of standards and codes of 'best practice'. The author calls for critical reflection on this normalisation of 'free market' capitalism and its global enforcement through a comprehensive system of economic standardisation and surveillance. To this end, Michel Foucault's analysis of liberalism is shown to be highly relevant. Copyright 2004, Oxford University Press.

Suggested Citation

  • Jakob Vestergaard, 2004. "The Asian crisis and the shaping of 'proper' economies," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 28(6), pages 809-827, November.
    • Handle: RePEc:oup:cambje:v:28:y:2004:i:6:p:809-827
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    File URL: http://hdl.handle.net/10.1093/cje/beh043
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    Cited by:

    1. Cedrini Mario, 2007. "Consensus vs. freedom of consensus upon freedom? From Washington disorder to the rediscovery of Keynes," CESMEP Working Papers 200708, University of Turin.
    2. Humphrey, Christopher & Loft, Anne & Woods, Margaret, 2009. "The global audit profession and the international financial architecture: Understanding regulatory relationships at a time of financial crisis," Accounting, Organizations and Society, Elsevier, vol. 34(6-7), pages 810-825, August.
    3. Carabelli, Anna M. & Cedrini, Mario, 2013. "Globalization and Keynes’s Ideal of a “Sounder Political Economy between all Nations," Department of Economics and Statistics Cognetti de Martiis. Working Papers 201349, University of Turin.
    4. Mehrpouya, Afshin & Salles-Djelic, Marie-Laure, 2019. "Seeing like the market; exploring the mutual rise of transparency and accounting in transnational economic and market governance," Accounting, Organizations and Society, Elsevier, vol. 76(C), pages 12-31.

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