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dc.contributor.authorWidmaier, Wesleyen_US
dc.date.accessioned2017-04-24T13:23:41Z
dc.date.available2017-04-24T13:23:41Z
dc.date.issued2009en_US
dc.date.modified2011-02-17T07:34:43Z
dc.identifier.issn09692290en_US
dc.identifier.doi10.1080/09692290903306869en_AU
dc.identifier.urihttp://hdl.handle.net/10072/36405
dc.description.abstractEmotional forces shape not only market tendencies to 'manias, panics and crashes', but also policy debates as they predispose agents to definitions of state and societal interests. Nevertheless, IR scholars often downplay emotional influences, casting them as secondary to coalitional or cognitive forces. In this article, I address these limitations by disaggregating intersubjective understandings into popularly resonant traditions of thought and elite-based paradigmatic frameworks. Drawing on the insights of Reinhold Niebuhr and Richard Hofstadter, I then argue that elite anxieties regarding populism can engender the 'technocratic repression' of emotion from paradigmatic debates in ways that paradoxically render policy less stable and pragmatic. Firstly, such repression obscures the emotional bases of market trends and engenders overconfidence in the ability of monetary fine-tuning to restrain manias and to contain panics. Secondly, in isolating paradigmatic debate from everyday language, technocratic repression frustrates deliberation and can exacerbate populist resentments, requiring the construction of crises to advance change. Shifting to an empirical focus, I suggest that tendencies to technocratic repression in the 1990s and early 21st century engendered overconfidence in monetary fine-tuning. In the post-subprime context, the key question is the extent to which this bias in favour of monetary policy has been reversed, or whether constructions of the subprime crisis have legitimated a revived regulatory stress. In sum, this analysis highlights the reality of emotion as an influence on the international political economy.en_US
dc.description.peerreviewedYesen_US
dc.description.publicationstatusYesen_AU
dc.languageEnglishen_US
dc.language.isoen_AU
dc.publisherRoutledgeen_US
dc.publisher.placeUnited Kingdomen_US
dc.relation.ispartofstudentpublicationNen_AU
dc.relation.ispartofpagefrom945en_US
dc.relation.ispartofpageto957en_US
dc.relation.ispartofissue5en_US
dc.relation.ispartofjournalReview of International Political Economyen_US
dc.relation.ispartofvolume16en_US
dc.rights.retentionYen_AU
dc.subject.fieldofresearchInternational Relationsen_US
dc.subject.fieldofresearchcode160607en_US
dc.titleEconomics are too important to leave to economists: The everyday - and emotional - dimensions of international political economyen_US
dc.typeJournal articleen_US
dc.type.descriptionC1 - Peer Reviewed (HERDC)en_US
dc.type.codeC - Journal Articlesen_US
gro.date.issued2009
gro.hasfulltextNo Full Text


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