In the spotlight of crisis: How social policies create, correct, and compensate financial markets

Politics and Society

Volumn 40, Issue 1, 2012, Pages 3-8

  Schelkle, Waltraud ^a  

^a LONDON SCHOOL OF ECONOMICS   (United Kingdom)

Author keywords

Financial crisis; Market regulation; Mortgage credit; Pensions; Social policy; Welfare state research introduction to the special issue

Indexed keywords

EID: 84856420827     PISSN: 00323292     EISSN: 15527514     Source Type: Journal    
DOI: 10.1177/0032329211434687     Document Type: Article

References (4)

1. Hacker, Jacob, "Privatizing Risk without Privatizing the Welfare State: The Hidden Politics of Social Policy Retrenchment in the United States," American Political Science Review 98, no. 2, (2004), 243-260.
2. A useful extended discussion of what constitutes social policy can be found in Rein, Martin, and Lee Rainwater, eds., The Public/Private Interplay in Social Protection (Armonk and London: Sharpe 1986), chapters 1 and 2.
3. Esping-Andersen, Gösta, Three Worlds of Welfare Capitalism (Princeton: Princeton University Press, 1990)
4. Admits that much in his chapter 4 on state and market in pension regimes. But he is bound to see a paradox (92) in the concomitant growth of public and private pensions. His conception of social rights as ensuring living standards independent of market forces (3) cannot make theoretical sense of the historical fact that [p]ublic policy was decisive in nourishing market expansion in pensions (94).