Introduction

Tom Lloyd

A chapter in Business at a Crossroads, 2010, pp 1-11 from Palgrave Macmillan

Abstract: Abstract The evolution of the liberal capitalist system ground to a halt in 2007–08. The default of the apocryphal subprime mortgage borrower in America’s mid-west, a mere flutter of butterfly wings, caused a hurricane of fear to rage through the securitized debt markets and sent the world’s banking system into cardiac arrest.

Keywords: Psychological Contract; Liberal Democracy; Market Discipline; System Restore; Corporate Form (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-25098-7_1

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DOI: 10.1057/9780230250987_1

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