 The Long Recession 2008–?Jon-Arild Johannessen
Chapter 7 in Innovations Lead to Economic Crises, 2017, pp 125-153 from Springer Abstract: Abstract This chapter will examine the assumption that there is a relationship between innovations and economic crises economic crises . The specific analysis will focus on the ongoing economic crisiseconomic crisis that started in the autumn of 2007. The following question will be considered: Is there a relationship between innovations and the economic crisis crisis that was triggered in 2007? The purpose of the investigation is to discover which innovations triggered the social mechanismssocial mechanisms that led to the economic crisis. The findings presented reveal that the following innovations, working through social mechanismssocial mechanisms , brought about the crisiscrisis : globalisationglobalisation (institutional, political innovationinnovation ), modular flexibilitymodular flexibility (economic, organisational innovation), internetinternet and personal computerspersonal computers (economic, technological innovation), the dollar standardthe dollar standard and a creditcredit -driven economy a credit-driven economy , as well as several financial product-innovations (economic and financial innovationsfinancial innovations ), and the ethos of the agethe ethos of the age : What’s in it for me? (institutional, cultural innovation). Date: 2017 There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-319-41793-6_7 Ordering information: This item can be ordered from DOI: 10.1007/978-3-319-41793-6_7 Access Statistics for this chapter More chapters in Springer Books from Springer |
Is your work missing from RePEc? Here is how to contribute.
Questions or problems? Check the EconPapers FAQ or send mail to .
EconPapers is hosted by the
School of Business at Örebro University.