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Modernism, reflexivity and the Washington Consensus

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  • Daniel Gay

Abstract

This paper develops a taxonomy of reflexive development practice, suggesting an examination of external values and norms; an assessment of the importance of local context; a recognition that policies can worsen the problems that they try to solve; and the idea that theory and policy should be revised as circumstances change. The taxonomy is developed as a way of addressing the difficulties encountered by the modernist Washington Consensus on the one hand and postmodernism on the other. The discussion draws on the sociologist Pierre Bourdieu, who tries to move the debate further using the concept of reflexivity, combining the objectivism of the outsider with the attention to context of the locally embedded researcher. JEL Classifications: O10, B41

Suggested Citation

  • Daniel Gay, 2007. "Modernism, reflexivity and the Washington Consensus," Journal of Economic Methodology, Taylor & Francis Journals, vol. 14(1), pages 83-105.
    • Handle: RePEc:taf:jecmet:v:14:y:2007:i:1:p:83-105
    DOI: 10.1080/13501780601170073
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    References listed on IDEAS

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    1. Sen, Amartya, 2001. "Development as Freedom," OUP Catalogue, Oxford University Press, number 9780192893307.
    2. Williamson, John, 2000. "What Should the World Bank Think about the Washington Consensus?," The World Bank Research Observer, World Bank, vol. 15(2), pages 251-264, August.
    3. Joseph E. Stiglitz, 1999. "More instruments and broader goals: moving toward the Post-Washington Consensus," Brazilian Journal of Political Economy, Center of Political Economy, vol. 19(1), pages 101-128.
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    Cited by:

    1. Dutraive, Véronique, 2009. "Economic Development and Institutions," Revue de la Régulation - Capitalisme, institutions, pouvoirs, Association Recherche et Régulation, vol. 6.
    2. John Marangos & Charles J. Whalen, 2011. "Evolution without fundamental change: the Washington Consensus on economic development," Chapters, in: Charles J. Whalen (ed.), Financial Instability and Economic Security after the Great Recession, chapter 8, pages 153-178, Edward Elgar Publishing.

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    More about this item

    Keywords

    reflexivity; modernism; Washington Consensus; Bourdieu; development;
    All these keywords.

    JEL classification:

    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
    • B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology

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