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COVID-19 Crisis Economic

Author

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  • Julia M. Puaschunder

    (The New School, Department of Economics, School of Public Engagement, New York, USA)

Abstract

The currently ongoing novel Coronavirus-crisis is an external shock coming down on society with direct impact on societal moods and subsequently connected economic changes. With growing digitalization and quickening of transfer speed, information exchange in the individual involvement to break trends online on a global scale may impose unknown systemic risks in causing social volatility in international economics. Research may explore how human beings’ communication and interaction results in socially constructed volatility that echoes in economic correlates. This paper theoretically covers the history of heterodox economic cycles in order to then propose to explore the role of communication and temporal foci in pandemic communication to create social volatility underlying economic downturns.

Suggested Citation

  • Julia M. Puaschunder, 2020. "COVID-19 Crisis Economic," Proceedings of the 20th International RAIS Conference, December 6-7, 2020 024pj, Research Association for Interdisciplinary Studies.
    • Handle: RePEc:smo:upaper:024pj
    as

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    References listed on IDEAS

    as
    1. Daniel Kahneman & Amos Tversky, 2013. "Prospect Theory: An Analysis of Decision Under Risk," World Scientific Book Chapters, in: Leonard C MacLean & William T Ziemba (ed.), HANDBOOK OF THE FUNDAMENTALS OF FINANCIAL DECISION MAKING Part I, chapter 6, pages 99-127, World Scientific Publishing Co. Pte. Ltd..
    2. Kahneman, Daniel & Thaler, Richard H, 1991. "Economic Analysis and the Psychology of Utility: Applications to Compensation Policy," American Economic Review, American Economic Association, vol. 81(2), pages 341-346, May.
    3. Shaikh, Anwar, 2016. "Capitalism: Competition, Conflict, Crises," OUP Catalogue, Oxford University Press, number 9780199390632.
    4. Committee for the Coordination of Statistical Activities, 2020. "How COVID-19 is Changing the World," World Bank Publications - Books, The World Bank Group, number 33773, December.
    5. Anwar Shaikh, 2013. "On the role of reflexivity in economic analysis," Journal of Economic Methodology, Taylor & Francis Journals, vol. 20(4), pages 439-445, December.
    Full references (including those not matched with items on IDEAS)

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