Introduction: Crises as Moments of Truth
DOI link for Introduction: Crises as Moments of Truth
Introduction: Crises as Moments of Truth book
Financial crises provide a wealth of empirical material to refl ect on key concepts of comparative analysis: ideas, interests, institutions, democracy, change, and-last but not least-political power. By their very nature, fi nancial crises also go to the heart of the relation between politics and economics. While this book adopts a pluralist theoretical approach to the understanding of the politics of fi nancial crises, a useful conceptual approach for looking at fi nancial crises is to regard them as critical junctures. This approach is in line with classical as well as more recent studies of fi nancial crises (Gourevitch 1986; Bermeo and Pontusson 2012). It is appropriate, therefore, to outline what we
mean by critical junctures and how it relates to the theme of this book-the politics of fi nancial crises.