Artikel
The financial crisis: Caused by unpreventable or organized failures?
In this paper, I analyze cutaways of the current financial crisis against the background of normal accident theory, high reliability theory, and disaster incubation theory. To avoid future financial crises I recommend reducing pressures to make profit and organizing the global financial markets like high reliability organizations. Furthermore I argue that risk management within organizations must no longer only be a symbolic gesture. The paper's purpose is to break with the isolated financial view of the crisis's causes and effects. It is a plea for a new understanding of the financial crisis, transferring the view from the crisis's impact to its features and causal factors. The study at hand should be regarded as preparatory work for a more interdisciplinary approach to the current crisis and for special branches of science to cooperate.
- Sprache
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Englisch
- Erschienen in
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Journal: International Journal of Economic Sciences and Applied Research ; ISSN: 1791-3373 ; Volume: 2 ; Year: 2009 ; Issue: 1 ; Pages: 51-70 ; Kavala: Kavala Institute of Technology
- Klassifikation
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Wirtschaft
Relation of Economics to Other Disciplines
Relation of Economics to Social Values
- Thema
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financial crisis
normal accident theory
high reliability theory
disaster incubation theory
- Ereignis
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Geistige Schöpfung
- (wer)
-
Müssig, Anke
- Ereignis
-
Veröffentlichung
- (wer)
-
Kavala Institute of Technology
- (wo)
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Kavala
- (wann)
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2009
- Handle
- Letzte Aktualisierung
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10.03.2025, 11:43 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Artikel
Beteiligte
- Müssig, Anke
- Kavala Institute of Technology
Entstanden
- 2009
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