Learning from the Global Financial Crisis

by Shrivastava, Paul; Statler, Matt

• ISBN13: 9780804770095
• ISBN10: 0804770093
• Format: Hardcover
• Copyright: 2012-02-15
• Publisher: Stanford Business Books

Summary

This book is motivated by the simple hope that the cloud of the global financial crisis may yet have a silver lining--that political leaders, economists, and management scholars might seize this opportunity to reflect critically on the assumptions, practices, and infrastructures that have precipitated the crisis and to imagine and create new forms of organization that sustainably enhance the well-being of global stakeholders. The contributors suggest that aesthetic management, high reliability and crisis management, and sustainability science have much to contribute to the resolution of the collapse that we've witnessed, and to providing enduring lessons for how to structure the institutions of the future. Learning From the Global Financial Crisisdevotes a section to each of these areas, offering full-length chapters which explore key issues in depth, as well as shorter commentaries that focus on practical considerations. The chapters progress from micro-level issues that pertain to individuals and teams who act creatively; to the meso-level issues that pertain to the structures, practices, and processes; to the macro-level issues that pertain to the interdependent, ecological systems. Together, the contributions emphasize the importance of developing holistic responses to the financial crisis. The result is a volume that casts new light on traditional economic and managerial theories and policies and provides fresh ideas to a new generation of scholars and practitioners.

Table of Contents

Acknowledgments	p. xi
Introduction	p. 1
Creatively
Truth, Beauty, and the Financial Crisis: Evaluating What Works	p. 17
Aesthetic Leadership: Walking Toward Economic Recovery	p. 55
Smashing Moneytheist Mirrors: How Artists Help Us Live with Financial Schizophrenia	p. 76
Hence God Exists	p. 96
Comments
The Art of Finance	p. 117
The Play Ethic and the Financial Crisis	p. 121
Cassim's Law	p. 128
Reliably
Managing the Global Financial Crisis: Lessons from Technological Crisis Management	p. 141
Failures of High Reliability in Finance	p. 167
Wrong Assumptions and Risk Cultures: Deeper Causes of the Global Financial Crisis	p. 188
Comments
A Busy Decade: Lessons Learned from Crisis Planning and Response from 1999 to 2009	p. 199
A Critique of Managing the Global Financial Crisis: Lessons from Technological Crisis Management	p. 205
Sustainably
Green Financing After the Global Financial Crisis	p. 213
Leveraging Ourselves out of Crisis-Again!	p. 245
The Normative Foundation of Finance: How Misunderstanding the Role of Financial Theories Distorts the Way We Think About the Responsibility of Financial Economists	p. 260
A Multilevel, Multisystems Strategic Approach to a Sustainable Economy	p. 291
Comments
The Global Financial Crisis: A Perspective from India	p. 313
In Lieu of a Conclusion	p. 329
Contributor Biographies	p. 337
Index	p. 347
Table of Contents provided by Ingram. All Rights Reserved.