The moral and spiritual grounds of the economic crisis from the first decade of the 21st century Cover Image

Resorturile morale şi spirituale ale crizei economice din primul deceniu al secolului al XXI-lea
The moral and spiritual grounds of the economic crisis from the first decade of the 21st century

Author(s): Andra-Luisa Preda
Subject(s): Scientific Life
Published by: Editura Mega Print SRL
Keywords: limits of the capitalist market; post modernization; polarization of society; globalization; the moral crisis; spiritual crisis; social solidarity;

Summary/Abstract: The economic cause of the 2007–2010 financial cri sis is the expansion of the speculative bubble in the USA assets subsequently transformed into a crisis of the global economic system. The novelty is the transfer of risk from banks which have granted loans to non-banking institute unregulated, unable to manage the crisis of bad loans. The economic crisis, recession and financial scandals that followed is good opportunity for noneconomic analysis of root causes, moral and spiritual crisis that generated and the direction we are heading.

  • Issue Year: 10/2017
  • Issue No: 10
  • Page Range: 343-360
  • Page Count: 18
  • Language: Romanian