The Banking Crisis: Grid, Group and the State of the Debate

Hindmoor, Andrew

doi:10.1111/j.1467-8500.2010.00697.x

Cited by 12 publications

(16 citation statements)

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“…Indeed, how markets are regulated is fundamentally about views regarding the autonomy of the individual, the benevolence (or otherwise) of state intervention, and the belief in the "invisible hand" of the markets. Table 1 summarizes a CT-driven classification of different argumentation patterns (also Hindmoor 2010). In brief, hierarchical arguments suggest that the appropriate response to the financial crisis is to move "high grid" and "high group," emphasizing the importance of prescriptive mandatory rules and the strengthening of regulatory professionalism.…”

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confidence: 99%

Arguing about Financial Regulation: Comparing National Discourses on the Global Financial Crisis

Lodge

Wegrich

2011

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As we write, the world is still in the grips of a financial crisis. Germany was one of the first countries to bail out a bank in July 2007. Then, in September 2007, the United Kingdom (UK) witnessed a run on a building society, Northern Rock, and the subsequent widespread nationalization of its banking sector. In the United States, the crisis led to a number of collapses among financial institutions, most famously Bear Stearns and Lehman Brothers, and the bail out of the insurance group, AIG, all in 2008.

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confidence: 99%

Arguing about Financial Regulation: Comparing National Discourses on the Global Financial Crisis

Lodge

Wegrich

2011

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“…Hindmoor () and Lodge and Wegrich () confirm that CT is useful to analyse the GFC discourse. Their frames, however, are not suitable for direct application in this study as they focus on the causes and effects of the GFC rather than the development of convincing innovative solutions to overcome austerity, and on central governments rather than municipalities.…”

Section: Constructing Cultural Frames For Austerity Managementmentioning

confidence: 80%

“…More specific frames are needed to analyse the development of new solutions to deal with the GFC at the local level. Against this background, the work of Hindmoor () and Lodge and Wegrich (, also Lodge et al ) becomes useful. Both studies use CT to analyse national discourses about the banking crisis and the financial crisis, respectively.…”

Section: Framing the Global Financial Crisis: Making Sense Of The Debatementioning

confidence: 99%

“…An individualist explanation of the fiscal crisis will point to the underperforming public sector. Old‐fashioned governments lack the resilience to deal with the effects of the GFC because of their massive debts (Hindmoor ), reckless spending in periods of economic prosperity (McCann ) and inefficient procedures (Pollitt ). Individualists suggest that the renewed introduction of market mechanisms will solve the crisis and prevent new crises from occurring.…”

Section: Constructing Cultural Frames For Austerity Managementmentioning

confidence: 99%

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Flexible framing: Analysing innovative austerity talk from a cultural perspective

Overmans

2018

Public Administration

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This article examines how local policy elites conceptualize and communicate potential innovations to overcome the fiscal crisis. is stressed to deal with the complexities of coping with the fiscal crisis in ways that are logical (given available views) and innovative (exploring alternative views), and highlight the importance of further developing understandings of such (municipal) coping. | INTRODUCTIONAs a result of the global financial crisis (GFC) municipalities around the globe have been dealing with austerity roughly between 2009 and 2016. Both in practice and academia a strong call for innovative responses has been expressed, in addition to straight financial cuts (e.g., Raudla et al. 2015;Schmidt et al. 2017). Innovation, however, is contested. In the field of public management, it is usually interpreted as a process of improving existing products and services of public organizations (see Gillinson et al. 2010;Pollitt 2010). It is discussed in terms of efficiency gains and 'doing more with less'. Although spending less money is great in austere times, doing more of the same might not always be a good thing. The relevance of looking only at improvements that fit with the fashionable doctrines can severely limit perspective.Following Sørensen and Torfing (2011), it is theorized that innovation is also about the exploration of new ideas and concepts that go beyond the dominant doctrine. Being innovative, then, requires the ability to link alternative worldviews and narratives to the major doctrines (see Hood 2000). It involves the capacity to explore unknown DOI: 10.1111/padm.12412 This is an open access article under the terms of the Creative Commons Attribution License, which permits use, distribution and reproduction in any medium, provided the original work is properly cited. I study the presence and usage of different worldviews and narratives by highlighting four austerity frames, building on cultural theory (Douglas 1982). CT offers the possibility of tracing different conceptions of the crisis and innovative solutions to deal with it, and helps to make sense of the local austerity debate. Two distinct though not strictly mutually exclusive expectations are tested. First, drawing on Pollitt and Bouckaert (2011), I expect that the presence of the individualist frame is related to the importance attached to the NPM philosophy. The NPM-expectation suggests that the individualist frame is omnipresent in NPM-minded climates whereas it is largely absent in NPM-sceptic climates. Second, I expect that austerity management is framed in ways that go beyond the dominant worldviews to meet the desire for sweeping innovation. The variety-expectation suggests that more than one austerity frame is present in the debates by which local policy elites attempt to set the agenda and pave the way for broader innovation.I empirically analyse the rhetoric of local policy elites by studying austerity-related speeches. Policy elites are referred to as those 'actors who hold political resources to be utilized to exert pote...

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“…Caulkins, 2008;Evans, 2008;Mars, 2008) and risk perceptions and environmental issues, as highlighted by Caulkins (2009). It has also been used to compare different cultures, in terms of beliefs and values (Chai et al, 2009), to study tourism and migration (Duval, 2006), and, more recently, to explain the global economic crisis (Hindmoor, 2010). Douglas' theory has therefore seen many applications in different domains, but we count only a limited number of papers that use grid-group analysis to study the scientific community.…”

Section: 6mentioning

confidence: 99%

Scientific community through grid-group analysis

Cerroni

Simonella

2014

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Grid-group map was introduced by Mary Douglas as a tool of anthropological analysis. Several studies have been applying this approach to study social phenomena, but very few concerning the scientific community. The paper aims to bridge the current gap, building sociological ideal-types in the scientific community based on grid-group analysis. Firstly we illustrate the main features of Douglas' grid-group analysis, until the latest studies developed in social sciences. Then, we apply Douglas' approach to a sample of scientists, reporting scholars' stances in the grid-group plane. Finally we suggest a new elaboration of grid-group analysis and some ideas for further research.

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The Banking Crisis: Grid, Group and the State of the Debate

Cited by 12 publications

References 24 publications

Arguing about Financial Regulation: Comparing National Discourses on the Global Financial Crisis

Arguing about Financial Regulation: Comparing National Discourses on the Global Financial Crisis

Flexible framing: Analysing innovative austerity talk from a cultural perspective

Scientific community through grid-group analysis

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