Legitimacy Gaps and Everyday Institutional Change in Interwar British Economy

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Legitimacy Gaps and Everyday Institutional Change in Interwar British Economy

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dc.contributor.author Seabrooke, Leonard en_US
dc.date.accessioned 2009-02-04T10:26:59Z
dc.date.available 2009-02-04T10:26:59Z
dc.date.issued 2005-12-01T00:00:00Z en_US
dc.identifier.isbn 8791690145 en_US
dc.identifier.uri http://hdl.handle.net/10398/7381
dc.description.abstract Who drives domestic institutional change in the face of international economic crisis? For rationalists the answer is powerful self-interested actors who struggle for material gains during an exogenously generated crisis. For economic constructivists it is ideational entrepreneurs who use ideas as weapons to establish paths for institutional change during crisis-driven uncertainty. Both approaches are elite-centric and conceive legitimacy as established by command or proclamation. This article establishes why domestic institutional change in response to international economic constraints must be legitimated by non-elites and how their everyday actions alter policy paths established in crisis. This is illustrated by re-examining a case frequently associated with punctuated equilibrium theories of crisis and institutional change: interwar Britain. In contrast to conventional explanations, I argue that the "legitimacy gap" between elite and broader public understandings about how the economy should work informed institutional experimentation during the 1920s and 1930s and fertilized the "Keynesian Revolution" of the 1940s. en_US
dc.format.extent 34 s. en_US
dc.language eng en_US
dc.relation.ispartofseries Working paper;2005-014 en_US
dc.title Legitimacy Gaps and Everyday Institutional Change in Interwar British Economy en_US
dc.type wp en_US
dc.accessionstatus modt05dec01 miel en_US
dc.contributor.corporation Copenhagen Business School. CBS en_US
dc.contributor.department International Center for Business and Politics en_US
dc.contributor.departmentshort DBP en_US
dc.contributor.departmentuk International Center for Business and Politics en_US
dc.contributor.departmentukshort CBP en_US
dc.idnumber 8791690145 en_US
dc.publisher.city København en_US
dc.publisher.year 2005 en_US


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