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Reconsidering the Role of Ideas in Times of Crisis

In: The Global Crash

Author

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  • Erik Jones

Abstract

The cluster of economic problems that emerged from and surrounded the growing defaults in United States sub-prime and Alt-A mortgage lending markets is widely regarded as a ‘crisis’. Some have even gone so far as to say that this is the worst economic crisis since the 1930s. But is it a crisis because in some real-world sense it threatens to take down the global financial system, or is it a crisis because policymakers in the US and elsewhere finally decided it is time to make a ‘decisive intervention’ in the markets?

Suggested Citation

  • Erik Jones, 2010. "Reconsidering the Role of Ideas in Times of Crisis," Palgrave Macmillan Books, in: Leila Simona Talani (ed.), The Global Crash, chapter 3, pages 52-72, Palgrave Macmillan.
  • Handle: RePEc:pal:palchp:978-0-230-28153-0_4
    DOI: 10.1057/9780230281530_4
    as

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