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Amsterdam Law Forum
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Amsterdam Law Forum
Article . 2009
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The Crisis of Technocracy

Authors: Gareth Davies;

The Crisis of Technocracy

Abstract

The European Union tries to be a responsible, technocratic, scientific regulator. As national governments struggle with populist calls for protectionism and state aid it preaches a co-ordinated, economically defensible recovery policy. Yet the paradox is that it was the experts who created the crisis, with complex systems and models that are now discredited. Does the solution really lie in more advice from the same people, or is the crisis also one of ideas, showing that we cannot understand or manage the world using only quantitative sciences, and human and political judgment still need to be central? Not only the EU, but also a technocratic model of government, is now facing a test. Success will bring great political capital for both, whereas failure will require a rethinking of the way we make rules, as well as of where we make them.

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Keywords

K, Law, international law, economics, financial regulation, global markets, financial, law, politics, financial crisis

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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
0
Average
Average
Average
gold