IDEAS home Printed from https://ideas.repec.org/h/spr/sprchp/978-3-319-41793-6_7.html
   My bibliography  Save this book chapter

The Long Recession 2008–?

In: Innovations Lead to Economic Crises

Author

Listed:
  • Jon-Arild Johannessen

    (Kristiania University College and Nord University)

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).

Suggested Citation

  • Jon-Arild Johannessen, 2017. "The Long Recession 2008–?," Springer Books, in: Innovations Lead to Economic Crises, chapter 7, pages 125-153, Springer.
    • Handle: RePEc:spr:sprchp:978-3-319-41793-6_7
    DOI: 10.1007/978-3-319-41793-6_7
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    More about this item

    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:spr:sprchp:978-3-319-41793-6_7. 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.

    We have no bibliographic references for this item. You can help adding them by using 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: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    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.