Culture and the Crisis

Andrew Whittaker

Chapter 7 in Crisis and Recovery, 2010, pp 147-166 from Palgrave Macmillan

Abstract: Abstract My aim in this essay is to look at the specifically cultural issues underlying the recent financial crisis. My theme is that certain cultural trends were highly significant in the emergence of the crisis, and that although these trends are powerful, it is both possible and legitimate to try to change them, and while this may involve action by policy makers, ultimately, cultural change will depend on market participants themselves. I should make plain that this essay does not result from objective research, but from a personal perspective, designed as a stimulus and contribution to a wider debate, and based on my experience as a financial markets lawyer and regulator.

Keywords: Corporate Governance; Public Authority; Cultural Issue; Financial Service Authority; Black Swan (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-29491-2_8

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DOI: 10.1057/9780230294912_8

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