Building a Sustainable Political Economy: SPERI Research & Policy

Professional Authority After the Global Financial Crisis

Defending Mammon in Anglo-America

Authors: Campbell-Verduyn, Malcolm

  • Brings a new focus to the study of private authority by addressing the actions taken by private actors themselves rather than external elements
  • Interprets the agency of private actors in seeking to reassert their contested authority
  • Scrutinises the enhanced moral emphasis of professional actors in Anglo-American finance since 2007
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eBook 67,82 €
price for Spain (gross)
  • ISBN 978-3-319-52782-6
  • Digitally watermarked, DRM-free
  • Included format: EPUB, PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover 83,19 €
price for Spain (gross)
  • ISBN 978-3-319-52781-9
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
  • The final prices may differ from the prices shown due to specifics of VAT rules
About this book

This book challenges amoral views of finance as the leading realm in which mammon – wealth and profit – is pursued with little overt regard for morality. The author details an enhanced ethical emphasis by leading Anglo–American professionals in the aftermath of the 2007–8 global financial crisis. Instead of merely stressing expert knowledge, professionals sought to overcome the alleged impossibility of serving “two masters” – mammon and God – by embracing religious finance, socio-economic inequality, sustainability and other overtly moral issues. Continuities in liberal values and ideas, however, limited the impact of this enhanced ethical emphasis to restoring the professional authority, as well as to more fundamentally reforming of Anglo–American finance following the most severe period of instability since the Great Depression. Providing a nuanced account of post-crisis change and continuity in a crucially important industry, Campbell-Verduyn advances a dynamic, process-based understanding of authority that will appeal to international political economists and sociologists alike.


About the authors

Malcolm Campbell-Verduyn is Research Fellow at the Balsillie School of International Affairs, Waterloo, Canada. His research combines a general focus on language and ideas in the global political economy with a specific interest in the roles of non-state actors, technologies and technical artefacts in contemporary global governance.

Reviews

“Malcolm Campbell-Verduyn offers an original take on professional authority in the aftermath of the global financial crisis. He carefully traces how the crisis challenged the expert knowledge and technical authority of financial services providers, economists, and advisories. He shows that these actors sought to reassert their professional authority by taking up moral causes such the distribution of wealth and branching into moral niche markets such as Islamic and environmental finance. His conclusion that this “ethical turn” is not much more than a strategy of self-legitimation that leaves the basic principles of Anglo-American finance uncontested is both incisive and – at a political level – deeply frustrating.” (Lena Rethel, Princeton University, USA and University of Warwick, UK)

Table of contents (7 chapters)

  • Professional Authority and Anglo-American Finance in Crisis

    Campbell-Verduyn, Malcolm

    Pages 1-18

    Preview Buy Chapter 30,19 €
  • The Dynamism of Authority in Global Governance

    Campbell-Verduyn, Malcolm

    Pages 19-32

    Preview Buy Chapter 30,19 €
  • The Dynamic Authority of Leading Financial Services Providers

    Campbell-Verduyn, Malcolm

    Pages 33-63

    Preview Buy Chapter 30,19 €
  • The Dynamic Authority of Economists

    Campbell-Verduyn, Malcolm

    Pages 65-81

    Preview Buy Chapter 30,19 €
  • The Dynamic Authority of Advisories

    Campbell-Verduyn, Malcolm

    Pages 83-104

    Preview Buy Chapter 30,19 €

Buy this book

eBook 67,82 €
price for Spain (gross)
  • ISBN 978-3-319-52782-6
  • Digitally watermarked, DRM-free
  • Included format: EPUB, PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover 83,19 €
price for Spain (gross)
  • ISBN 978-3-319-52781-9
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
  • The final prices may differ from the prices shown due to specifics of VAT rules
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Bibliographic Information

Bibliographic Information
Book Title
Professional Authority After the Global Financial Crisis
Book Subtitle
Defending Mammon in Anglo-America
Authors
Series Title
Building a Sustainable Political Economy: SPERI Research & Policy
Copyright
2017
Publisher
Palgrave Macmillan
Copyright Holder
The Editor(s) (if applicable) and The Author(s)
eBook ISBN
978-3-319-52782-6
DOI
10.1007/978-3-319-52782-6
Hardcover ISBN
978-3-319-52781-9
Edition Number
1
Number of Pages
XV, 213
Number of Illustrations and Tables
1 b/w illustrations, 1 illustrations in colour
Topics