The financial crisis in the US 2008-2009

Confidence is an understudied topic in modern economics as well as in modern sociology, but vital to an understanding of financial markets and financial crises. In this article, I suggest what a theory of confidence may look like that is centered around signs. With the help of this theoretical approach, to which I add some ideas by Walter Bagehot, I explore the financial crisis of 2008–2009 in the USA, how confidence was lost during the fall of 2008 in connection with the bankruptcy of Lehman Brothers, and especially how it was then restored in the spring of 2009. I conclude that the processes of loosing and restoring confidence differ.

Bankruptcy · Black swan theory · Confidence interval · Economics · Epistemology · Financial crisis · Financial market · Keynesian economics · Banking stability, regulation, efficiency · Economic Theory and Policy · Finance · Housing, Finance, and Neoliberalism · Philosophy

• Moral categories in the financial crisis

  Marion Fourcade, Philippe Steiner et al.•Socio-Economic Review•2013

  Incluir item

• Emotions and Economy

  Open Access•N Bandelj, Jinna J Kim•The Blackwell Encyclopedia of…•2020

  Incluir item

• Organizational Isomorphism during Crisis

  Open Access•Kangsan Lee, Bruce G Carruthers•Socius Sociological Research for…•2024

  Incluir item

• Trust without knowledge? Comment on Hardin, ‘Government without trust’

  Guido Möllering•Journal of Trust Research•2013

  Incluir item

• The role of intermediaries within trust rebuilding after financial crisis and encouraging implications for the existence of ‘calculative trust’

  Petra Ritzer-Angerer•Journal of Trust Research•2018

  Incluir item

• Governing the future

  Open Access•Bonnie Braun•Economy and Society•2015

  Incluir item

• Unpacking the dynamics of a contested practice

  Edward J Carberry, Edward J Zajac•Socio-Economic Review•2021

  Incluir item

• Constructing conviction through action and narrative

  Kimberly Chong, D Tuckett•Socio-Economic Review•2015

  Incluir item

• Distributional Effects of the Great Recession

  Beth Redbird, David B Grusky•Annual Review of Sociology•2016

  Incluir item

• Bank Runs, Deposit Insurance, and Liquidity

  Douglas W Diamond, Philip H Dybvig•Journal of Political Economy•1983

  Incluir item

• The Works of Bagehot

  J M Keynes, Russell Barrington•The Economic Journal•1915

  Incluir item

• The trouble with overconfidence

  Dward A Moore, Don A Moore et al.•Psychological Review•2008

  Incluir item