We’ve Been Nudged: The Effects of the Downturn on Dignity and Responsibility

Mark D. White

Chapter Chapter 6 in Consequences of Economic Downturn, 2011, pp 103-118 from Palgrave Macmillan

Abstract: Abstract The economic downtown that began in 2008 has had tremendous consequences in the United States (and abroad), including declines in traditional economic variables such as gross domestic product, the stock indices, and employment, as well as the broader measures of well-being detailed in other chapters in this book. Scholars will argue for years to come over the true causes of the downturn—how much was due to imprudent practices on the part of business (chiefly, financial concerns), irresponsible behavior on the part of consumers and borrowers, and ill-designed regulation and intervention by the government—as well as the effects of various aspects of the government response.1

Keywords: Credit Card; Consumer Credit; Libertarian Paternalism; Credit Card Debt; Payday Loan (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:pal:pfschp:978-0-230-11835-5_6

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DOI: 10.1057/9780230118355_6

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