After the Crash

This book seeks to diagnose and analyze the social, economic and technological consequences of the 2008 financial crisis, which brought epochal changes to our lives. First and foremost, a paradigm shift arose in economic theories that fail to predict or explain the crisis. On the governmental side, we have been observing a natural parallel between authoritarianism and the way many democratic countries are being governed. Liberalism seems to have failed. Driven by the anger over the crisis and its heavy burden, a variety of technological innovations were birthed and gained momentum. Bitcoin was a manifesto to the monetary system; sharing economy was a rebellion to the consumerist lifestyle; and subscriptions were a threat to ownership. This books ties each of these events to the 2008 crisis and explains the connection.

Uses a behavioral economics approach to study the ramifications of the 2008 Financial Crisis Examines the evolution of economic theory in the wake of the Great Recession Examines the economic, social, and political impact of the Great Recession on the average person

Autorentext

Orhan Erdem is Assistant Professor of Finance at Puri School of Business at Rockford University, USA. Previously, he worked at the Istanbul Stock Exchange (Borsa Istanbul). He has a PhD in Economics from Universitat Autónoma de Barcelona, Spain. Principal areas of his research include behavioral finance and financial decision making.

Inhalt

Chapter 1. Introduction. - Chapter 2. Before the Crisis.- Chapter 3. The 2008 Crisis.- Chapter 4. The Crisis and Aftermath: Behavioral Economics.- Chapter 5. The Crisis and Aftermath: Society and Economics.- Chapter 6. Conclusion