A league made in the economy’s image
Destabilised stability and the English Premier League’s Minsky moment
Bibliographic Data
| ID | 6416768 |
|---|---|
| Authors | James H Jackson (University of Manchester, corresponding author), James Silverwood (0000-0001-5954-887X, Leeds Beckett University) |
| Year | 2024 |
| Volume | 20 |
| Issue | 1 |
| Pages | 95-113 |
| Publication date | 2024-06-27 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | British Politics (JOURNAL) |
| Journal identifiers | ISSN: 1746-918X • E-ISSN: 1746-9198 |
| Publisher | Palgrave Macmillan (PUBLISHER • GB) |
| DOI | 10.1057/s41293-024-00259-0 |
| OpenAlex | W4400098629 |
| Language | EN |
| Citations received | 1 |
| References cited | 52 |
The English Premier League (EPL) has drawn the attention of scholars from a variety of disciplinary backgrounds in recent years, yet its underlying economic model and the politics underpinning it remain underexplored within the literature. To address this gap, we situate the EPL within Minsky’s Financial Instability Hypothesis (FIH) to examine the unstable financial foundations upon which the sporting enterprise is built. As such, we contend that the EPL can be understood as a reflection of the broader pathology of British politics since the 1980s. By placing the EPL within the Minsky cycle, we demonstrate how the actors that make up the league skirt the boundaries of hedge, speculative and Ponzi financiers, as the over-leveraging of clubs becomes ever more contingent upon debt-based instruments and loss-leading broadcasters to preserve the league’s economic status. Contrary to the tendency to abstract the role of fans from the economics of football, we conclude that what prevents the league from reaching its own collapse in asset values—known as a Minsky moment—is them providing the ‘effective demand’ for football
Asset (computer security · Economics · Football · Keynesian economics · League · Political economy · Political science · Politics · Law · Sport and Mega-Event Impacts · Sports Analytics and Performance · Sports, Gender, and Society
The general theory of employment, interest, and money
The British Regulatory State
John Maynard Keynes
Corporatisation and financialisation of social reproduction
The processes of financialisation and economic performance
An Analytical Framework for a Political Economy of Football
The financialisation of housing production
Feasting in a time of famine
Football supporters and the commercialisation of football
The spillover effect from FDI in the English Premier League
What we do in the shadows
New Labour, New Narrative? Political Strategy and the Discourse of Globalisation
The Finance Curse
Towards an ‘Everyday’ Cultural Political Economy of English Football
From Big Bang to Big Crash
The Regressive Recovery
Hedging its Bets
New Actors in a Financialised Economy and the Remaking of Capitalism
Aftershock
Globalization and goals
A Perspective on Minsky Moments
Generation rent and the financialization of housing
Bureaucratic Regulation and New Public Management in the United Kingdom
The State and Financialization of Public Land in the United Kingdom
From Maggie to May
New lamps for old
Unpacking the politics of ‘sportswashing
The Role of the State in the Financialisation of the UK Economy
Great Transformation
Towards a Marxist political economy of football supporters
Playing on the break
Post-Neoliberalism? An Introduction
I Hadn't Realised That Change Is Not a Difficult Thing
Post-Keynesian Macroeconomic Foundations for Comparative Political Economy
Frontier financialization
| Unique citing works | 1 |
|---|---|
| Citations per year | 0,5 |
| Citation span | 2024 - 2024 (1) |
| Citation velocity | recent |
| Highly cited | No |
| Citation types | Neutral: 1 |