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From Bretton Woods to the Global Financial Crisis: Popular Politics, Paradigmatic Debates, and the Construction of Crises

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  • Wesley Widmaier

Abstract

How do popular values shape constructions of crises and paradigmatic debates? In this paper, I offer a constructivist framework highlighting the popular bases of paradigmatic ideas and policy interests. In historical terms, I then trace the evolution of values, ideas, and polic]ies across three crises-the Bretton Woods-era inflation and currency crises of the 1960s, the South Korean and Long Term Capital Management crises of the 1990s, and the global financial crisis. In concluding, I stress implications for tensions not only between intellectuals and populists, but also among populists themselves-as in the affective divides between Tea Party and Occupy movements.

Suggested Citation

  • Wesley Widmaier, 2014. "From Bretton Woods to the Global Financial Crisis: Popular Politics, Paradigmatic Debates, and the Construction of Crises," Review of Social Economy, Taylor & Francis Journals, vol. 72(2), pages 233-252, June.
    • Handle: RePEc:taf:rsocec:v:72:y:2014:i:2:p:233-252
    DOI: 10.1080/00346764.2014.912389
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    References listed on IDEAS

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    1. Dan M. Kahan & Hank Jenkins-Smith & Donald Braman, 2011. "Cultural cognition of scientific consensus," Journal of Risk Research, Taylor & Francis Journals, vol. 14(2), pages 147-174, February.
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