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A critique of neo-mercantilist analyses of Icelandic political economy and crisis

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posted on 2023-06-08, 23:07 authored by David BerryDavid Berry, Claes Belfrage, Eirikur Bergmann
Iceland’s journey from rags to riches in the 20th century is related, in the dominant discourse, to its gaining independence in 1944. This discourse played a significant role in both the legitimation of the finance-dominated growth model in the 1990s and 2000s and in the latter’s defence as it came under scrutiny before its collapse in October 2008. It is therefore ironic – or perhaps, in some sense, logical – to find dominant analyses of the crisis arising from the neo-mercantilist tradition. Drawing on Marxist critiques of neo-mercantilism, we challenge these interventions and thus seek to redress the neglect of social struggle in the dominant discourse.

History

Publication status

  • Published

File Version

  • Published version

Journal

Capital and Class

ISSN

0309-8168

Publisher

Sage

Issue

3

Volume

39

Page range

515-536

Department affiliated with

  • Media and Film Publications

Research groups affiliated with

  • Sussex Humanities Lab Publications

Full text available

  • Yes

Peer reviewed?

  • Yes

Legacy Posted Date

2015-11-10

First Open Access (FOA) Date

2016-11-01

First Compliant Deposit (FCD) Date

2015-11-10

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