The Credit Crunch
Neo-Liberalism, Financialisation and the Gekkoisation of Society
Datos Bibliográficos
| ID | 2642503 |
|---|---|
| Autores | John Bone (0000-0002-9569-6340, University of Aberdeen, autor de correspondencia), John D Bone (University of Aberdeen) |
| Año | 2009 |
| Volumen | 14 |
| Número | 2 |
| Páginas | 103-110 |
| Fecha de publicación | 2009-03-01 |
| Peer Reviewed | Sí |
| Open Access | Sí |
| Tipo | ARTICLE |
| Revista | Sociological Research Online (JOURNAL) |
| Identificadores de la revista | ISSN: 1360-7804 • E-ISSN: 1360-7804 |
| Editorial | SAGE Publications Inc (PUBLISHER) |
| DOI | 10.5153/sro.1928 |
| OpenAlex | W2157825453 |
| Idioma | EN |
| Citas recibidas | 3 |
| Referencias citadas | 4 |
This paper offers a broad overview and analysis of some of the main causes and consequences of the current economic crisis. While attempting to flag up some of the key continuities between the conditions contributing to the current crisis and those that produced the 'great crash' of 1929, it is argued that the 'credit crunch' must be understood in broad historical context. Specifically, it is suggested that the turn to neo-liberal economics in the late 1970's, principally in the UK and US, restored many of the structures and socio-economic characteristics that were prevalent in the 1920's, inevitably producing a highly similar outcome. Overall, it is argued that the (re)financialisation of the economy, the deregulation of markets, together with the cultivation of a culture of rampant individualism and acquisition, pervading the markets and wider society, have coalesced to sow the seeds of reckless profit seeking that have led to the current crisis. Moreover, given that latter, it is suggested that the current upheaval is as much a reflection of social and cultural decay as it is a failure of economic governance
Corporate governance · Credit crunch · Deregulation · Economics · Financial system · Individualism · Liberalism · Market economy · Neoclassical economics · Political economy · Political science · Politics · Sociology · Economic Theory and Policy · Housing, Finance, and Neoliberalism · Law · Political and Economic history of UK and US
| Obras citantes distintas | 3 |
|---|---|
| Citas por año | 0,2 |
| Intervalo de citas | 2011 - 2015 (5) |
| Velocidad de citación | historical |
| Altamente citado | No |
| Tipos de cita | Neutras: 3 |