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Differing conceptions of the causes of the economic crisis: Effects of culture, economic training, and personal impact

Author

Listed:
  • David Leiser

    (BGU - Ben-Gurion University of the Negev)

  • Rinat Benita

    (BGU - Ben-Gurion University of the Negev)

  • Sacha Bourgeois-Gironde

    (UP2 - Université Panthéon-Assas, LEMMA - Laboratoire d'économie mathématique et de microéconomie appliquée - UP2 - Université Panthéon-Assas)

Abstract

We report findings from a survey regarding the lay perception of the causes of the worldwide economic and financial crisis. Respondents (N=2245) from a variety of countries were included: China (Hong Kong), Turkey, Russia, Israel, Germany, USA, and France. We have previously documented a range of factors that affects lay understanding of the crisis The present study expanded the database and focuses on the combination of factors that jointly predict whether the respondents view the crisis as a complex impersonal system that malfunctioned, or hold a moral/intentional view about its origins. We show that respondents from Western World countries, who were unaffected by the crisis and have economic training, interpret the crisis differently from all other respondents (i.e., those living in Turkey, Russia, or Hong Kong, and those who were personally affected by the crisis or without economic training). These differences have important implications on how policies are perceived and evaluated by the public, and should inform how they are presented to the public.
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • David Leiser & Rinat Benita & Sacha Bourgeois-Gironde, 2016. "Differing conceptions of the causes of the economic crisis: Effects of culture, economic training, and personal impact," Post-Print hal-04149250, HAL.
    • Handle: RePEc:hal:journl:hal-04149250
    DOI: 10.1016/j.joep.2016.02.002
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    Cited by:

    1. David Leiser & Nofar Duani & Pascal Wagner-Egger, 2017. "The conspiratorial style in lay economic thinking," PLOS ONE, Public Library of Science, vol. 12(3), pages 1-17, March.
    2. Pankaj C. Patel, 2025. "Riding the frontier wave: Unveiling the impact of rugged individualism on small business dynamics during COVID-19," Journal of Evolutionary Economics, Springer, vol. 35(1), pages 1-33, January.
    3. Johnny Runge & Nathan Hudson-Sharp, 2020. "Public Understanding of Economics and Economic Statistics," Economic Statistics Centre of Excellence (ESCoE) Occasional Papers ESCOE-OP-03, Economic Statistics Centre of Excellence (ESCoE).
    4. Antonio Sianes & Rocío Vela-Jiménez, 2020. "Can Differing Opinions Hinder Partnerships for the Localization of the Sustainable Development Goals? Evidence from Marginalized Urban Areas in Andalusia," Sustainability, MDPI, vol. 12(14), pages 1-19, July.

    More about this item

    JEL classification:

    • G1 - Financial Economics - - General Financial Markets
    • A14 - General Economics and Teaching - - General Economics - - - Sociology of Economics
    • A29 - General Economics and Teaching - - Economic Education and Teaching of Economics - - - Other
    • E6 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook
    • E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General
    • H3 - Public Economics - - Fiscal Policies and Behavior of Economic Agents
    • P1 - Political Economy and Comparative Economic Systems - - Capitalist Economies
    • Z1 - Other Special Topics - - Cultural Economics

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