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After the Crash

Understanding the Social, Economic and Technological Consequences of the 2008 Crisis

Authors: Erdem, Orhan

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  • Uses a behavioral economics approach to study the ramifications of the 2008 Financial Crisis
  • Examines the evolution of economic theory in the wake of the Great Recession
  • Examines the economic, social, and political impact of the Great Recession on the average person
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eBook $44.99
price for USA (gross)
  • ISBN 978-3-030-43343-7
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  • Included format: PDF, EPUB
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  • Immediate eBook download after purchase
Hardcover $59.99
price for USA
  • ISBN 978-3-030-43342-0
  • Free shipping for individuals worldwide
  • Immediate ebook access, if available*, with your print order
  • Usually dispatched within 3 to 5 business days.
About this book

This book seeks to diagnose and analyze the social, economic and technological consequences of the 2008 financial crisis, which brought epochal changes to our lives. First and foremost, a paradigm shift arose in economic theories that fail to predict or explain the crisis. On the governmental side, we have been observing a natural parallel between authoritarianism and the way many democratic countries are being governed. Liberalism seems to have failed. Driven by the anger over the crisis and its heavy burden, a variety of technological innovations were birthed and gained momentum. Bitcoin was a manifesto to the monetary system; sharing economy was a rebellion to the consumerist lifestyle; and subscriptions were a threat to ownership. This books ties each of these events to the 2008 crisis and explains the connection.

About the authors

Orhan Erdem is Assistant Professor of Finance at Puri School of Business at Rockford University, USA. Previously, he worked at the Istanbul Stock Exchange (Borsa Istanbul). He has a PhD in Economics from Universitat Autónoma de Barcelona, Spain. Principal areas of his research include behavioral finance and financial decision making.

Reviews

“The Great Depression has not only caused economic tragedy throughout the globe but also paved the way to WWII. Now, it’s been more than a decade since the 2008 crisis. The big question is ‘what awaits us next?’ After the Crash provides a very accurate narrative of events and theories that led to the 2008 crisis. How did this crisis give birth to digital technologies such as blockchain and sharing economy among others? How did it make our world vulnerable to increased polarization and authoritarianism? Erdem is a scholar trained both in economics and physics, who has years of experience in both financial and scholarly world. Combined with his powerful storytelling, his book is a must read for anyone who wants to gain insight on ‘what awaits us next’ in the aftermath of the 2008 crisis!” (Burak Can, Assistant Professor of Data Analytics and Digitalisation, Maastricht University)

“Orhan Erdem provides a thorough investigation of how static economic theories enforced rigid mental models of human behavior that obfuscated warnings of the 2008 crisis. A book that should be required reading for any social science scholar, this narrative crafts a clear understanding that economics incorporates the varied intricacies of the irrationality of human decision-making.” (Mandolen Mull, Assistant Professor of Leadership, Rockford University)

“This book is written in a scholarly tone, yet is accessible to the public. The author takes a behavioural economist's lens to investigate an important question: what are the—not just economical, but also social and political—consequences of the 2008 Financial Crisis? A must-read!” (Isa Hafalir, Professor of Economics, University of Technology Sydney)

“Orhan Erdem’s After the Crash is an engaging, important, and highly readable exploration of how the 2008 financial crisis reshaped the world. Through fascinating historical anecdotes, penetrating insights into economics research, and complementary ideas from psychology and political science, Erdem’s analysis of the many ways in which our economy and society have changed in response to the crisis and how they are likely to continue to be impacted in the future is worth reading for scholars of any field.” (Roxana Idu, Assistant Professor of Economics, Elgin Community College)

Table of contents (6 chapters)

Table of contents (6 chapters)

Buy this book

eBook $44.99
price for USA (gross)
  • ISBN 978-3-030-43343-7
  • Digitally watermarked, DRM-free
  • Included format: PDF, EPUB
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $59.99
price for USA
  • ISBN 978-3-030-43342-0
  • Free shipping for individuals worldwide
  • Immediate ebook access, if available*, with your print order
  • Usually dispatched within 3 to 5 business days.

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Bibliographic Information

Bibliographic Information
Book Title
After the Crash
Book Subtitle
Understanding the Social, Economic and Technological Consequences of the 2008 Crisis
Authors
Copyright
2020
Publisher
Palgrave Macmillan
Copyright Holder
The Author(s), under exclusive license to Springer Nature Switzerland AG
eBook ISBN
978-3-030-43343-7
DOI
10.1007/978-3-030-43343-7
Hardcover ISBN
978-3-030-43342-0
Edition Number
1
Number of Pages
XI, 119
Number of Illustrations
2 b/w illustrations, 4 illustrations in colour
Topics

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