The paradoxes of liberalism: can the international financial architecture be disciplined?

Jakob Vestergaard has produced one of the most telling analyses of the international financial architecture by deploying a broadly Foucauldian framework that invokes a novel description of neo-liberal governance, one organized around discipline, conditional exceptions and the pursuit of a 'prop...

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Bibliographic Details
Published in:Economy and society 2011-08, Vol.40 (3), p.477-487
Main Author: Thompson, Grahame F.
Format: Article
Language:English
Subjects:
Architecture
Economic crisis
economic governance
Economic structure
Economic theory
Financial economics
Foucault
Foucault, Michel
Governance
International
international financial architecture
Liberalism
Neoliberalism
Political economy
proper economy
Sovereignty
Studies
Vestergaard, Jakob
Washington Consensus
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Summary:Jakob Vestergaard has produced one of the most telling analyses of the international financial architecture by deploying a broadly Foucauldian framework that invokes a novel description of neo-liberal governance, one organized around discipline, conditional exceptions and the pursuit of a 'proper economy'. This review both welcomes but challenges some of Vestergaard's analysis. In so doing it explores further the paradoxes of liberalism and the fate of sovereignty in the current international context.
ISSN:0308-5147
1469-5766
DOI:10.1080/03085147.2011.577948