Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/30810
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dc.contributor.authorHanusch, Horsten_US
dc.contributor.authorWackermann, Florianen_US
dc.date.accessioned2008-09-05en_US
dc.date.accessioned2010-05-14T08:40:42Z-
dc.date.available2010-05-14T08:40:42Z-
dc.date.issued2009en_US
dc.identifier.urihttp://hdl.handle.net/10419/30810-
dc.description.abstractThis paper analyses the current financial crisis from a Neo-Schumpeterian perspective. We postulate four linkages that led to the crisis, and that will help us find our way out of the crisis. Therefore, we show that the current evolution is very similar to the Japanese crisis in the beginning of the 1990s. Furthermore, we address the issue why the world was faced with this crisis in such an unprepared way and look at the deficiencies in current economic theories that are responsible for the fact that we did not foresee this development. Besides, we elaborate that the crisis is not a systemic default of the capitalistic system but that it is rather a consequence of its enormous success. Finally, we propose the Neo-Schumpeterian Corridor as a theoretical framework that can help avoid such dramatic evolutions as the current crisis and look at possibilities to overcome this situation.en_US
dc.language.isoengen_US
dc.publisher|aUniv., Inst. für Volkswirtschaftslehre|cAugsburgen_US
dc.relation.ispartofseries|aVolkswirtschaftliche Diskussionsreihe // Institut für Volkswirtschaftslehre der Universität Augsburg|x303en_US
dc.subject.jelB52en_US
dc.subject.jelG01en_US
dc.subject.jelH11en_US
dc.subject.jelN20en_US
dc.subject.jelO20en_US
dc.subject.ddc330en_US
dc.titleGlobal financial crisis: causes and lessons ; a Neo-Schumpeterian perspectiveen_US
dc.type|aWorking Paperen_US
dc.identifier.ppn59822131Xen_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-

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