Das erste Opfer der Krise ist die Demokratie: Wirtschaftspolitik und ihre Legitimation in der Finanzkrise 2008-2013

  • Severe economic and financial market crises exacerbate collective action problems and thus trigger challenges to legitimacy in democracies. The article presents a typology of decision-making modes in economic policy-making in normal times and crisis times. It shows that problems of time-inconsistency in combination with high uncertainty over re-distributive implications lead to an “ad-hoc-technocratization” of economic policy-making. The separation of decision-taking from input-based legitimacy-procedures is relevant for scholars of democracy because the redistributive implications of crisis policies are high. The “democratic deficit” of crisis policies is thus not a symptom of “Post-Democracy” but of the specific context arising in an economic crisis.

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Metadaten
Document Type:Article
Language:German
Author(s):Henrik Enderlein
Parent Title (German):PVS: Politische Vierteljahresschrift
ISSN:0032-3470
Publisher:Nomos
Place of Publisher:Baden-Baden
Publication year:2013
First Page:714
Last Page:739
DOI:https://doi.org/10.5771/0032-3470-2013-4-714
Release Date:2015/06/10
Tag:Demokratie; Finanzmarktkrise; Legitimation; Politische Ökonomie; Wirtschaftspolitik
Volume:54
Issue:4
Licence of document (German):Metadaten / metadata
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