Transformations of the State

Capitalism and Its Legitimacy in Times of Crisis

Editors: Schneider, S., Schmidtke, H., Haunss, S., Gronau, J. (Eds.)

  • Provides a novel reflection on the impact of the 2008 financial crisis
  • Creates a detailed picture of the forms and content of mediated legitimation discourses 
  • Demonstrates that the capitalist market economy is in unexpectedly rude health
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eBook $89.00
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  • ISBN 978-3-319-53765-8
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  • Immediate eBook download after purchase
Hardcover $119.00
price for USA
  • ISBN 978-3-319-53764-1
  • Free shipping for individuals worldwide
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About this book

This volume examines why the 2008 financial crisis with the subsequent Great Recession did not foster a major institutional transformation of the capitalist market economy. It highlights the role of ideas and public discourse in explaining institutional stability and change in the wake of economic crises and other critical junctures. Examining legitimation discourse in four OECD countries (Germany, Switzerland, the United Kingdom and the United States) between 1998 and 2011, the contributions to the volume use different text-analytical methods to bring out the ideas that underpin affirmative and critical media discourse on the capitalist regime. Individual chapters focus on the contours and trajectories of legitimation discourse before and after the financial crisis, on the attribution of responsibility for the crisis, on the use of metaphors and narratives, and on the formation of discourse coalitions challenging the regime. Together, they show that the post-2008 legitimation crisis of the capitalist market economy did not result in its sustained delegitimation or in powerful new ideas that might have mobilized support for radical institutional change. The book will appeal to students and scholars of economic sociology, media studies and political science.



About the authors

Steffen Schneider is Senior Research Fellow at the Research Centre on Inequality and Social Policy (SOCIUM), University of Bremen, Germany.
Henning Schmidtke is Senior Research Fellow at the Bavarian School of Public Policy, Technical University of Munich, Germany.
Sebastian Haunss is Senior Research Fellow at the Research Centre on Inequality and Social Policy (SOCIUM), University of Bremen, Germany.
Jennifer Gronau is Postdoctoral Fellow at the Centre for Global Cooperation Research, Käte-Hamburger-Kolleg, Duisburg, Germany.


Table of contents (8 chapters)

  • A Legitimation Crisis of the Capitalist Market Economy?

    Schneider, Steffen (et al.)

    Pages 1-35

  • Justifying and Criticizing the Capitalist Market Economy: A Typology of Legitimation Criteria

    Nullmeier, Frank (et al.)

    Pages 37-60

  • Legitimation Discourse before and after the Financial Crisis: Contours and Trajectories

    Schmidtke, Henning (et al.)

    Pages 61-94

  • Making Sense of the Great Recession: Responsibility Attributions in Tough Times

    Lenke, Falk (et al.)

    Pages 95-121

  • Metaphorical Anticapitalism: Regulation, Not Transformation

    Gronau, Jennifer

    Pages 123-158

Buy this book

eBook $89.00
price for USA (gross)
  • ISBN 978-3-319-53765-8
  • Digitally watermarked, DRM-free
  • Included format: PDF, EPUB
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $119.00
price for USA
  • ISBN 978-3-319-53764-1
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
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Bibliographic Information

Bibliographic Information
Book Title
Capitalism and Its Legitimacy in Times of Crisis
Editors
  • Steffen Schneider
  • Henning Schmidtke
  • Sebastian Haunss
  • Jennifer Gronau
Series Title
Transformations of the State
Copyright
2017
Publisher
Palgrave Macmillan
Copyright Holder
The Editor(s) (if applicable) and The Author(s)
eBook ISBN
978-3-319-53765-8
DOI
10.1007/978-3-319-53765-8
Hardcover ISBN
978-3-319-53764-1
Edition Number
1
Number of Pages
XV, 260
Number of Illustrations and Tables
20 b/w illustrations, 7 illustrations in colour
Topics