Original
The Supply Chain of Economic Ideas: Institutional Discourse and Policy Change in U.S. Economic Governance, 1945–2024
Abstract
ABSTRACT This paper develops the supply chain of economic ideas framework to address how institutional networks coordinate to achieve both stability and change in economic policymaking, arguing that both are products of the same institutional processes with coherence emerging through differentiation rather than convergence. A quantitative text analysis of 233 documents from the Federal Reserve, Economic Reports of the President, and Joint Economic Committee (1945–2024) reveals that the transition from Keynesianism to neoliberalism in the USA occurred through a reconfiguration of the governing institutional network rather than wholesale replacement of the paradigm; that the Federal Reserve anchored neoliberalism's core objective through vertical integration whilst supporting institutions diverged substantially; and that the paradigm's coherence persisted through the 2008 Global Financial Crisis, providing a criterion for distinguishing paradigmatic reorganisation from genuine paradigmatic change. The framework thus provides a means to assess whether contemporary political challenges to economic governance represent a surface‐level reorganisation of existing policies or a fundamental paradigmatic transformation.
中文
经济思想的供应链：1945—2024年美国经济治理中的制度话语与政策变迁
摘要
本文提出“经济思想供应链”框架，以探讨制度网络如何协调从而实现经济政策制定中的稳定与变迁，并主张二者是同一制度过程的产物，其中连贯性通过分化而非趋同而产生。对美联储、《总统经济报告》和联合经济委员会1945—2024年间233份文献的定量文本分析表明：美国从凯恩斯主义向新自由主义的转型，是通过治理制度网络的重新配置而非范式的整体替换实现的；美联储通过垂直整合锚定了新自由主义的核心目标，而支持性机构则出现显著分化；该范式的连贯性一直延续到2008年全球金融危机，从而为区分范式重组与真正的范式变迁提供了标准。该框架因此提供了一种方法，用以评估当代经济治理面临的政治挑战究竟是对既有政策的表层重组，还是根本性的范式转型。
关键词
经济思想、供应链、制度话语、政策变迁、经济治理、新自由主义、美联储、文本分析