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Financial crisis: the myth of free market ideology and current regulatory reforms

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  • Avgitidou Athina

Abstract

This paper attempts to show how free market ideology is articulated as a mythical discourse, demonstrating its main moments, and indicating the circumstances under which, despite its current dislocation, it continues to function as the hegemonic economic construction. The main argument put forward is that the consensus on the new system of financial supervision, which emerged in order to manage the current crisis, even though it highlights some of the shortcomings of free market ideology, does not seem to threaten its dominance.

Suggested Citation

  • Avgitidou Athina, 2011. "Financial crisis: the myth of free market ideology and current regulatory reforms," International Journal of Management Concepts and Philosophy, Inderscience Enterprises Ltd, vol. 5(3), pages 218-230.
    • Handle: RePEc:ids:ijmcph:v:5:y:2011:i:3:p:218-230
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    Cited by:

    1. Ulrich Gehmann, 2016. "Myths and Narratives for Management," International Business Research, Canadian Center of Science and Education, vol. 9(1), pages 123-135, January.

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