Cookies?
Library Header Image
LSE Research Online LSE Library Services

In times of recession, a population that is worried and uninformed on economic matters may help to prolong the financial misery

Stephens, Richard (2013) In times of recession, a population that is worried and uninformed on economic matters may help to prolong the financial misery. LSE American Politics and Policy (04 Nov 2013). Website.

[img]
Preview
PDF - Published Version
Download (178kB) | Preview

Abstract

In 2008, financial speculation on over-valued US housing stock was rife. When investors awoke to the extent of the debt, Lehman Brothers went bankrupt, credit evaporated and world economies began to shrink. The global financial crisis had begun. Richard Stephens examines the psychological effects of such bad news, and argues that the more people are worried about the economy, the less they spend, thus prolonging the recession. He suggests that part of the solution may be to encourage a citizenry that is better informed on economic matters and knowledgeable of their place in the recession economy.

Item Type: Online resource (Website)
Official URL: http://blogs.lse.ac.uk/usappblog/2013/11/04/
Additional Information: © 2013 The Author; Online
Divisions: LSE
Subjects: B Philosophy. Psychology. Religion > BF Psychology
H Social Sciences > HC Economic History and Conditions
H Social Sciences > HG Finance
Sets: Collections > LSE American Politics and Policy (USAPP) Blog
Date Deposited: 28 Jul 2014 11:52
Last Modified: 14 Dec 2019 00:33
URI: http://eprints.lse.ac.uk/id/eprint/58346

Actions (login required)

View Item View Item

Downloads

Downloads per month over past year

View more statistics