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Articles on Financial crises

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The final deliveries of the A380 are anticipated for 2021. Mike Fuchslocher/Shutterstock

Airbus A380: from high-tech marvel to commercial flop

The shifting market for air travel has forced Airbus to abandon the production of one of the most impressive aircraft of all time, the super-jumbo A380. Was it folly, bad luck or both?
The authors of the book The Making of Finance highlight the intellectual capture of the financial worlds. Bart Sadowski/Shutterstock

Mobilising the social sciences to rethink finance

Nothing has changed since the 2008 financial crisis. Orthodox theory continues to structure the entire financial industry, yet there is an urgent need to study the social and political nature of markets.
The 2008 financial meltdown caused millions of Americans to lose their homes, and the austerity measures that followed only widened income inequality and helped fuel the rise of right-wing populism. (AP Photo/Tony Dejak)

How the 2008 financial crisis helped fuel today’s right-wing populism

Right-wing populists have exploited key weaknesses in liberal democratic society that were exacerbated by the failure of political leaders to respond effectively to the 2008 financial crisis.
Argentina is just one of a handful of crisis-stricken nations asking the International Monetary Fund for help. David Fernandez/EPA

The world’s economic crisis-fighting mechanisms are dangerously inadequate

Some US$4.6 trillion has been made available to stave off financial crises across the world. The problem is that much of this funding is now spoken for, and the list of stricken nations is growing.
The Wharton School of the University of Pennsylvania, in Philadelphia. WestCoastivieS/Wikimedia

Don’t throw the baby out with the business-school bathwater

In current context of financial uncertainty and political upheaval, it easy to question the purpose and activities of business schools. But before jumping to conclusions, there is a more nuanced story.
A man browsing the shoe department in a shopping centre. Can he really afford new shoes, and does he really need them? Alex Buirds/Wikimedia

Why we perceive ourselves as richer than we think we are

Under some circumstances, people may feel wealthier than they actually are and this makes them psychologically more prone to increase their spending, as well as their borrowing.
Andrew Simms (New Weather Institute), Sally Svenlen (RE student), Larry Elliott (Guardian), Steve Keen (Debunking Economics) and Kate Raworth (Doughnut Economics) symbolically nail the “33 Theses” to the door of the London School of Economics in December 2017. rethinkeconomics.org

Debate: What is missing in the ‘33 Theses for an Economics Reformation’

Nailed to the door of the London School of Economics, the ‘33 Theses’ offer a long overdue challenge to economics dogma. But there are omissions as well.

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