IDEAS home Printed from https://ideas.repec.org/a/ibn/assjnl/v16y2020i7p39.html

Coronavirus and the Ideological, Moral and Metaphysical Challenges to Capitalism, Individual Freedom and Money

Author

Listed:
  • Munir A. Abbasi
  • Azlan Amran
  • Ibrahim Noorani
  • Khurram Shakir
  • Noor e Sahar
  • Nazia Abul Rehman

Abstract

Coronavirus Pandemic has taken the world by storm. Just as it has posited a severe threat to human lives, so has it leveled grave concerns to the mode of life cultured by the world's industrialized societies. Through argumentative analysis, the present study attempts to substantiate that at-least three imminent philosophical crises have arisen in the wake of COVID-19 i.e., ideological, moral, and metaphysical. On the one side, Capitalism and the Free Market have essentially been left defenseless, and individual freedom has substantially been threatened. On the other side, family and social capital have been inflexed with a breath of fresh air.

Suggested Citation

  • Munir A. Abbasi & Azlan Amran & Ibrahim Noorani & Khurram Shakir & Noor e Sahar & Nazia Abul Rehman, 2020. "Coronavirus and the Ideological, Moral and Metaphysical Challenges to Capitalism, Individual Freedom and Money," Asian Social Science, Canadian Center of Science and Education, vol. 16(7), pages 1-39, July.
  • Handle: RePEc:ibn:assjnl:v:16:y:2020:i:7:p:39
    as

    Download full text from publisher

    File URL: https://ccsenet.org/journal/index.php/ass/article/download/0/0/43019/45009
    Download Restriction: no

    File URL: https://ccsenet.org/journal/index.php/ass/article/view/0/43019
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Siebert, Horst, 1997. "Reintegrating the Reform Countries Into the World Economy," 1997: Economic Transition in Central and East Europe, and the Former Soviet Union: Implications ... Symposium, June 12-14, 1997, Berlin, Germany 50832, International Agricultural Trade Research Consortium.
    2. Mishkin, Frederic S, 1992. "Anatomy of a Financial Crisis," Journal of Evolutionary Economics, Springer, vol. 2(2), pages 115-130, August.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Calomiris, Charles W., 1999. "Building an incentive-compatible safety net," Journal of Banking & Finance, Elsevier, vol. 23(10), pages 1499-1519, October.
    2. Situngkir, Hokky, 2012. "Indonesian Stock Market Crisis Observation with Spectral and Composite Index," MPRA Paper 35961, University Library of Munich, Germany.
    3. Joseph Mason, 2001. "Do Lender of Last Resort Policies Matter? The Effects of Reconstruction Finance Corporation Assistance to Banks During the Great Depression," Journal of Financial Services Research, Springer;Western Finance Association, vol. 20(1), pages 77-95, September.
    4. Stefania Migliori & Fabrizio Maturo & Francesco Paolone, 2018. "Capital Structure Determinants in Family Firms: An Empirical Analysis in Context of Crisis," International Business Research, Canadian Center of Science and Education, vol. 11(4), pages 65-83, April.
    5. Schmidt Paul-Günther, 2001. "Ursachen systemischer Bankenkrisen: Erklärungsversuche, empirische Evidenz und wirtschaftspolitische Konsequenzen," ORDO. Jahrbuch für die Ordnung von Wirtschaft und Gesellschaft, De Gruyter, vol. 52(1), pages 239-280, January.
    6. Vivien Narcisse WABO NOKAM & Wilfred KEM MUNGONG, 2023. "Financial Stability and Economic Growth in the Cemac Zone: A Panel Cointegration Approach," International Journal of Economics and Financial Research, Academic Research Publishing Group, vol. 9(1), pages 1-8, 03-2023.
    7. Hernando Vargas H. & Dpto de Estabilidad Financiera, 2006. "El Riesgo De Mercado De La Deuda P�Blica:�Una Restricci�N A La Pol�Tica Monetaria?El Caso Colombiano," Borradores de Economia 2543, Banco de la Republica.
    8. Alina Cristina Nuta & Florian Marcel Nuta, 2012. "Analysis Of The Romanian Financial Stability In The Context Of The Economic Downturn," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 3, pages 174-178, September.
    9. Philippe Oster, 2020. "Contingent Convertible bond literature review: making everything and nothing possible?," Journal of Banking Regulation, Palgrave Macmillan, vol. 21(4), pages 343-381, December.
    10. Hoggarth, Glenn & Reis, Ricardo & Saporta, Victoria, 2002. "Costs of banking system instability: Some empirical evidence," Journal of Banking & Finance, Elsevier, vol. 26(5), pages 825-855, May.
    11. John S. Jordan & Joe Peek & Eric Rosengren, 1999. "Impact of greater bank disclosure amidst a banking crisis," Working Papers 99-1, Federal Reserve Bank of Boston.
    12. Fischer, Justina AV, 2012. "Globalization and political trust," MPRA Paper 37763, University Library of Munich, Germany.
    13. Stockman, Alan C., 1999. "Choosing an exchange-rate system," Journal of Banking & Finance, Elsevier, vol. 23(10), pages 1483-1498, October.
    14. Isik, Ihsan & Hassan, M. Kabir, 2007. "Erratum to "Financial disruption and bank productivity: The 1994 experience of Turkish banks": [The Quarterly Review of Economics and Finance 43 (2003) 291-320]," The Quarterly Review of Economics and Finance, Elsevier, vol. 47(1), pages 192-193, March.
    15. Jian Tong & Chenggang Xu, 2004. "Financial Sector Returns and Creditor Moral Hazard: Evidence from Indonesia, Korea, and Thailand," William Davidson Institute Working Papers Series 2004-687, William Davidson Institute at the University of Michigan.
    16. Luiz Awazu Pereira da Silva & Adriana Soares Sales & Wagner Piazza Gaglianone, 2013. "Financial stability in Brazil," Chapters, in: Andreas Dombret & Otto Lucius (ed.), Stability of the Financial System, chapter 4, Edward Elgar Publishing.
    17. Negrea, Bogdan, 2014. "A statistical measure of financial crises magnitude," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 397(C), pages 54-75.
    18. Doinita CAZAN ZAFIU & Alina Florentina CUCOS SARACU, 2012. "The Economic Crisis – Meanings and Significations," Risk in Contemporary Economy, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, pages 111-114.
    19. Iftekhar Hasan & Stefano Manfredonia, 2021. "Productivity, managers' social connections and the Great Recession," CEIS Research Paper 507, Tor Vergata University, CEIS, revised 10 Mar 2021.
    20. Martin Dufwenberg, 2015. "Banking on experiments?," Journal of Economic Studies, Emerald Group Publishing Limited, vol. 42(6), pages 943-971, November.

    More about this item

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ibn:assjnl:v:16:y:2020:i:7:p:39. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Canadian Center of Science and Education (email available below). General contact details of provider: https://edirc.repec.org/data/cepflch.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.