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  • The issue of financial crisis will not only be considered from the economic perspective, but also from the sociological perspective, which brings new insight and attention to phenomena that purely economic perspective can hide. It was very visible during the last financial crisis where the media was focused too much on the economic effects and not enough awareness of the social nature of the crisis. There are three main sociological perspectives: functionalist, conflict theory, and symbolic interactionism. Functionalists believe that economic recessions are functional for society because economic downturn eliminates the poorly operating businesses, while the more useful businesses survive. Conflict theory is based on Karl Marx’s work. A Capitalist system can become so complex, abstract, and alienating, that even those who seem to be controlling the system of loans, secondary loans, and hedge funds, have no idea how it is working.
  • The issue of financial crisis will not only be considered from the economic perspective, but also from the sociological perspective, which brings new insight and attention to phenomena that purely economic perspective can hide. It was very visible during the last financial crisis where the media was focused too much on the economic effects and not enough awareness of the social nature of the crisis. There are three main sociological perspectives: functionalist, conflict theory, and symbolic interactionism. Functionalists believe that economic recessions are functional for society because economic downturn eliminates the poorly operating businesses, while the more useful businesses survive. Conflict theory is based on Karl Marx’s work. A Capitalist system can become so complex, abstract, and alienating, that even those who seem to be controlling the system of loans, secondary loans, and hedge funds, have no idea how it is working. (en)
Title
  • Models of Financial Crisis and Early Warning System
  • Models of Financial Crisis and Early Warning System (en)
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  • Models of Financial Crisis and Early Warning System
  • Models of Financial Crisis and Early Warning System (en)
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  • RIV/00216224:14560/14:00077227!RIV15-MSM-14560___
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  • 30008
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  • RIV/00216224:14560/14:00077227
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  • Financial Crisis; Indicator; Run on the Bank; Social Capital; Warning (en)
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  • [B2936A4303F2]
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  • Brno
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  • Brno
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  • New Economic Challenges – 5th International PhD Student Conference Conference Proceedings
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  • Doláková, Bohuslava
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number of pages
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  • Masaryk University in Brno, Faculty of Economics and Administration, Department of Finance
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  • 9788021071407
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  • 14560
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