Misrule of experts? The financial crisis as elite debacle
Misrule of experts? The financial crisis as elite debacle
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发表时间：
2012
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通讯作者：
K. Williams
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作者：
E. Engelen;Ismail Ertürk;J. Froud;S. Johal;A. Leaver;M. Moran;K. Williams
摘要本文是关于知识极限与金融危机的研究。它首先考察了各种现有的危机解释，这些解释对危机的原因有不同的看法，但都认为危机代表了一个社会技术故障的问题，需要某种技术官僚的解决：这种解释的三种变体是事故，阴谋或计算失败。本文提出了另一种解释，将危机不同地定义为精英政治崩溃。政治和技术官僚精英傲慢地脱离了金融创新的过程，因为它采取了“砖砌”的形式，使金融超越了技术控制或管理。本文对20世纪80年代后技术官僚的政治化作用提出了根本性的问题，并强调需要将私人金融及其公共监管机构置于民主政治控制之下，其技术前提是金融的急剧简化。
Abstract This paper is about knowledge limits and the financial crisis. It begins by examining various existing accounts of crisis which disagree about the causes, but share the belief that the crisis represents a problem of socio-technical malfunction which requires some kind of technocratic fix: the three variants on this explanation are the crisis as accident, conspiracy or calculative failure. This paper proposes an alternative explanation which frames the crisis differently as an elite political debacle. Political and technocratic elites were hubristically detached from the process of financial innovation as it took the form of ‘bricolage’, which put finance beyond technical control or management. The paper raises fundamental questions about the politicized role of technocrats after the 1980s and emphasizes the need to bring private finance and its public regulators under democratic political control whose technical precondition is a dramatic simplification of finance.