ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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When the Facts Change: How Can the Financial Crisis Change Minds?

This essay argues that pragmatism as a temporary prop to stabilise the crumbling financial system is distinct from pragmatism as a governing ethic. The emerging common sense worldwide and in India aims to be the latter. Yet, in the absence of sufficient grounding in a broad theoretical doctrine, this incipient pragmatism may be insufficient to dislodge the prevailing doctrine of neoliberalism and thus may, in fact, end up being a temporary reaction.

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