Think tanks in 'hard times' – the Global Financial Crisis and economic advice. Issue 2 (3rd April 2018)

• Record Type: Journal Article
• Authors: Hernando, Marcos Gonzalez; Pautz, Hartwig; Stone, Diane
• Is Part Of: Policy & society. Volume 37:Issue 2(2018)
• Page Start: 125
• Page End: 139
• Publication Date: 2018-04-03
• Subjects: Think tanks -- expertise -- policy advice -- Global Financial Crisis -- Great Recession -- epistemic crisis; Policy sciences -- Periodicals; Social policy -- Periodicals; Economic policy -- Periodicals; International relations -- Periodicals; Sciences de la politique -- Périodiques; Politique sociale -- Périodiques; Politique économique -- Périodiques; Relations internationales -- Périodiques; Australia -- Politics and government -- 1945- -- Periodicals; Australia -- Economic conditions -- 1945- -- Periodicals; Pacific Area -- Politics and government -- Periodicals; Pacific Area -- Economic conditions -- Periodicals; Australie -- Politique et gouvernement -- 1945- -- Périodiques; Australie -- Conditions économiques -- 1945- -- Périodiques; Pacifique, Région du -- Politique et gouvernement -- Périodiques; Pacifique, Région du -- Conditions économiques -- Périodiques; 320.605
• DOI: 10.1080/14494035.2018.1487181
• Languages: English
• ISSNs: 1449-4035

Abstract

ABSTRACT: The Global Financial Crisis of 2008 and the Great Recession that ensued had reverberations that were not only social, political and economic. The crises also led to increased doubt in the value and usefulness of policy expertise and in its producers. This 'epistemic crisis' is the starting point of this thematic issue dedicated to think tanks in the aftermath of the Global Financial Crisis and Great Recession. The Introduction to the issue has four objectives. First, it gives a high-level overview of the challenges and opportunities think tanks have faced in the wake of these crises, given the paradox of growing demand for policy expertise precisely at the moment when such expertise and its makers became suspect for many. Second, the Introduction gives an overview of the research literature on think tanks and their role in the policy-making process and the public debate. Third, the articles comprising this thematic issue are introduced, and connections between them established. Fourth, the introduction gauges the effects of Global Financial Crisis and Great Recession, but also crises more generally, on think tanks and the environment they operate in, and speculates about the future of the think tank industry.