Overview

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.

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9783030433420

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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.

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