From the 1980s until today, privatisation and globalisation have been the leading paradigm. The financial crisis, which erupted in 2008, may have been a turning point. Today’s big economic debates may very well be a sign of the tides turning.
The crisis  1  See, for example, M. Bordo (2007), A Brief History of Central Banks, Federal Reserve Bank of Cleveland Economic Commentary, December; C. Goodhart (2011), The changing role of central banks, Financial History Review, 18(2), 135–154; and C. Reinhart and K. Rogoff (2012), Shifting Mandates: The Federal Reserve’s First Centennial, paper presented at the 2013 American Economic Association Meetings, San Diego, 5 January 2013.