This international collection studies how the financial crisis of 2007 and the ensuing economicand political crises in Europe and North America have triggered a process ofchange in the field of economics, law andpolitics. Contributors to this book argue that both elites and citizens havehad to rethink the nature of the market, the role of the state as a marketregulator and as a provider of welfare, the role of political parties inrepresenting society¿s main political and social cleavages, the role of civilsociety in voicing the concerns of citizens, and the role of the citizen as theultimate source of power in a democracy but also as a fundamentally powerlesssubject in a global economy.The book studies the actors, the areas and the processesthat have carried forward the change and proposes the notion of ¿incompleteparadigm shift¿ to analyse this change. Its authors explore the multipledimensions of paradigm shifts and their differentiated evolution, arguing thattoday we witness an incomplete paradigm shift of financial regulationseconomic models and welfare systems, but a stillbirth of a new political andeconomic paradigm.

Proposes a new andoriginal way of looking at the financial crisis and its effects using a redefined and integrated concept of paradigm shift

1. Has the FinancialCrisis led to a Paradigm Shift?; PabloIglesias-Rodríguez, Ruby Gropas and Anna Triandafyllidou.- 2. Paradism Shift in Financial-Sector Policymaking Models: FromIndustry-Based to Civil Society-based EU Financial Services Governance; Pablo Iglesias-Rodríguez.- 3. Changing Perceptions ofSystemic Risk in Financial Regulation; CarolineBradley.- From National to Supranational: A Paradigm Shift in PoliticalEconomy; Guido Montani.- 5. Growth and Welfare: Shifts in Labour MarketPolicies; Henri Sneessens.- 6. Rethinking E(M)U Governance from the Perspectiveof Social Investment; Anton Hemerijck.- 7. Creative Resistance in times ofEconomic Crises: Community Engagement, Non-Capitalist Creative Practices andProvoking Shifts at the Local Level; Ruby Gropas.- 8. EU Civil Society and theCrisis: Changing Channels and Organizational Patters in European TransnationalCivil Society; AlisonE. Woodward.- 9. The Restructuring of the Western European Party Space in theCrisis: A Comparative Study of Austria, France, and Germany; Jasmine Lorenzini, SwenHutter, and Hanspeter Kriesi.- 10. 'Tina' Revisited: Why Alternative Narratives of the EurozoneCrisis Matterl Ukrike Liebert.- 11. From One-Directional to Multi-DirectionalParadigm Shift; Pablo Iglesias-Rodriguez, Anna Triandafyllidou, Ruby Gropas.