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Struggling over crisis
(2018)
If you put two economists in a room, you get two opinions, unless one of them is Lord Keynes, in which case you get three opinions.” Following the premise of this quotation attributed to Winston Churchill, varying perceptions of the European crisis by academic economists and their structural homology to economists’ positions in the field of economics are examined. The dataset analysed using specific multiple correspondence analysis (MCA) and hierarchical agglomerative clustering (HAC) comprises information on the careers of 480 German-speaking economists and on statements they made concerning crisis-related issues. It can be shown that the main structural differences in the composition and amount of scientific and academic capital held by economists as well as their age and degree of transnationalisation are linked to how they see the crisis: as a national sovereign debt crisis, as a European banking crisis, or as a crisis of European integration and institutions.
The article explores Europeanisation as an effect of European political integration, a process driven by struggles over the legitimate political and social order that is to prevail in Europe. Firstly, an analytic framework is constructed, drawing on insights from Pierre Bourdieu’s work on similar struggles over nation-stateness. Secondly, the mechanisms identified are used to assess the role played by economic experts and expertise in the process of European political integration. It is argued that concepts arising from economic disciplines, agents educated in economics, and practising economic professionals influence European political integration and have benefited from Europeanisation initiated by this process. Special emphasis is placed on strategies of integrating Europe by law or by market, on governing Europe using economic expertise, on the role played by economic academia in researching and objectifying Europe, and on staffing European institutions with economists.