Financial catastrophe and its implications for socioeconomics
Bibliographic Data
| ID | 5081415 |
|---|---|
| Authors | Arndt Sorge (WZB Berlin Social Science Center, corresponding author) |
| Year | 2011 |
| Volume | 9 |
| Issue | 1 |
| Pages | 169-186 |
| Publication date | 2011-01-01 |
| Open Access | No |
| Type | ARTICLE |
| Venue | Socio-Economic Review (JOURNAL) |
| Journal identifiers | ISSN: 1475-1461 • E-ISSN: 1475-147X |
| Publisher | Oxford University Press (PUBLISHER • GB) |
| DOI | 10.1093/ser/mwq020 |
| OpenAlex | W1998382793 |
| Language | EN |
| Citations received | 3 |
Three of the four books selected for this review article have ‘failure’ or ‘fail’ in the tile; the only one that does not cites a slogan that was invariably used to explain away imminent failure: ‘This time is different’. All four monographs are outstanding and meticulous accounts of the background, origin, process and attempts to control or alleviate, the 2007+ world financial and economic crisis, whereas Reinhart and Rogoff deal with its predecessors. These crises are associated with failure of markets, capitalism, governments, more specific institutions, and economic doctrines. Nothing appears to be fail-safe any more. The books are not mainly scholarly, except for that of Reinhart and Rogoff. But they are conceptually well informed and grounded. The authors were, rightly, too overwhelmed by what was going on to launch themselves into a streamlined and theoretically coherent attempt to explain the crisis with a particular theory. The crisis constituted a...
Capitalism · CITES · Economics · Epistemology · Financial crisis · Keynesian economics · Law and economics · Nothing · Political economy · Political science · Positive economics · Slogan · Speculation · Banking stability, regulation, efficiency · Finance · Global Financial Crisis and Policies · Law · Philosophy
| Citations per year | 0.2 |
|---|---|
| Citation span | 2011 - 2013 (3) |
| Highly cited | No |