A Private Sector Failure, A Public Sector Crisis – Reflections on the Great Recession Ron Hodges Hot

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Uploaded by Ron Hodges     Uploaded date: March 30, 2020    
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Publication date
August 01, 2016
Paper language
Abstract
The Great Recession from 2007/08 to date (2016) has challenged policymakers in significant ways. The initial challenge became a mission to rescue the banking sector, which had major implications for public services. The severe constraints on public finances after the rescue resulted in cutbacks in public services; an example of financial conservatism in action. Neoliberalism is the dominant mode of thinking by central governments, but its application has been questioned both on its rigour and on the evidence which is available to inform this policy. This paper examines the UK experiences of financial conservatism by mobilising ideas of failure, hope and bricolage.
Preferred Citation
Hodges, R. and Lapsley, I. (2016), “A Private Sector Failure, A Public Sector Crisis – Reflections on the Great Recession”, Financial Accountability and Management, vol. 32, no. 3, (Aug) pp. 265-280. http://doi.org/10.1111/faam.12096
Keywords
banking failure; public sector cutbacks; failure, hope and bricolage.
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Category
  • Performance measurement
  • Other
Type of Paper
Published paper

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