The double bind in economic policymaking
In psychiatry, a double bind is a dilemma that produces acute distress. In the current issue of Governance, John Zysman and Dan Breznitz argue that this is the situation of policymakers following the financial crisis: “They are called on at once to make the markets work more effectively, to unleash creative capitalism, and also to protect society against the consequences and disruptions of the market.” In the aftermath of the crisis, politics will become more volatile as policymakers seek new ways of managing this predicament. Open access to the article. Photo: John Zysman at Governance roundtable on financial crisis.