Skip to content
Register Sign in Wishlist

Economic Ideas in Political Time
The Rise and Fall of Economic Orders from the Progressive Era to the Global Financial Crisis

$46.99 (C)

  • Date Published: November 2016
  • availability: Available
  • format: Paperback
  • isbn: 9781316604571

$ 46.99 (C)

Add to cart Add to wishlist

Other available formats:
Hardback, eBook

Looking for an examination copy?

If you are interested in the title for your course we can consider offering an examination copy. To register your interest please contact providing details of the course you are teaching.

Product filter button
About the Authors
  • Over the past century, the rise and fall of economic policy orders has been shaped by a paradox, as intellectual and institutional stability have repeatedly caused market instability and crisis. To highlight such dynamics, this volume offers a theory of economic ideas in political time. The author counters paradigmatic and institutionalist views of ideas as enabling self-reinforcing path dependencies, offering an alternative social psychological argument that ideas which initially reduce uncertainty can subsequently fuel misplaced certainty and crises. Historically, the book then traces the development and decline of the progressive, Keynesian, and neoliberal orders, arguing that each order's principled foundations were gradually displaced by macroeconomic models that obscured new causes of the Great Depression, Great Stagflation, and Global Financial Crisis. Finally, in policy terms, Widmaier stresses the costs of intellectual autonomy, as efforts to 'prevent the last crisis' have repeatedly obscured new causes of crises.

    • Provides an overview of the development of three US economic policy orders - progressive, Keynesian and neoliberal - as each spanned three parallel stages of construction, conversion, confidence and crisis
    • Offers an expanded social psychological framework that speaks not only to path-dependent development but also to pathological order decline
    • Equips readers with an informed, policy-based sense of the limits to macroeconomic models
    Read more

    Customer reviews

    Not yet reviewed

    Be the first to review

    Review was not posted due to profanity


    , create a review

    (If you're not , sign out)

    Please enter the right captcha value
    Please enter a star rating.
    Your review must be a minimum of 12 words.

    How do you rate this item?


    Product details

    • Date Published: November 2016
    • format: Paperback
    • isbn: 9781316604571
    • length: 274 pages
    • dimensions: 230 x 150 x 15 mm
    • weight: 0.4kg
    • availability: Available
  • Table of Contents

    Part I. Theoretical and Historical Foundations:
    1. Economic ideas in political time: construction, conversion, and crisis
    2. The construction, conversion, and collapse of the progressive order
    Part II. The Construction, Conversion, and Collapse of the Keynesian Order:
    3. Constructing the Keynesian order: breaking finance and boosting labor
    4. Converting the Keynesian order: toward the neoclassical synthesis
    5. Constructing the Great Stagflation: from accommodation to transformation
    Part III. The Construction, Conversion, and Collapse of the Neoliberal Order:
    6. Constructing the neoliberal order: breaking labor and boosting finance
    7. Converting the neoliberal order: toward the New Keynesianism
    8. Constructing the Global Financial Crisis: from accommodation to iteration
    Part IV. Conclusions:
    9. Theoretical, historical and policy implications

  • Author

    Wesley W. Widmaier, Griffith University, Queensland
    Wesley W. Widmaier is a Senior Research Fellow at Griffith University, Queensland and has been awarded two grants by the Australian Research Council totalling more than $600,000. For over a decade, he has advanced parallel research agendas into the construction of wars and crises as mechanisms of change. His research has been published in such journals as International Studies Quarterly and the Review of International Political Economy, and his work in the security field has been published as Presidential Rhetoric from Wilson to Obama: Constructing Crises, Fast and Slow (2015). He was Program Chair (2014) and Section Chair (2015) of the International Political Economy Section of the International Studies Association.

Sign In

Please sign in to access your account


Not already registered? Create an account now. ×

Sorry, this resource is locked

Please register or sign in to request access. If you are having problems accessing these resources please email

Register Sign in
Please note that this file is password protected. You will be asked to input your password on the next screen.

» Proceed

You are now leaving the Cambridge University Press website. Your eBook purchase and download will be completed by our partner Please see the permission section of the catalogue page for details of the print & copy limits on our eBooks.

Continue ×

Continue ×

Continue ×

Find content that relates to you

Join us online

This site uses cookies to improve your experience. Read more Close

Are you sure you want to delete your account?

This cannot be undone.


Thank you for your feedback which will help us improve our service.

If you requested a response, we will make sure to get back to you shortly.

Please fill in the required fields in your feedback submission.