Learning from the Global Financial Crisis: Creatively, Reliably, and Sustainably

By Paul Shrivastava; Matt Statler | Go to book overview

16
A Multilevel, Multisystems Strategic
Approach to a Sustainable Economy

Mark Starik

The global financial crisis of 2008–2009 has been said to have had many causes that occurred at multiple levels of human society. Excessively risky real estate investments, overextended financial portfolios, disaggregated financial instruments, unregulated hedge funds, greedy bankers, and several other explanations for the worldwide financial meltdown illustrate the diversity of factors that may be associated with this complex, global economic situation (shiller 2008). From a sustainability perspective, we might also consider that both the causes and the results of the financial crisis, as well as responses to it, can occur at multiple levels. These levels can include individuals, households, organizations, communities, networks, and societal institutions. applying a model codeveloped by the author, this chapter analyzes the recent global financial crisis at these levels and accounts for natural environment-related inputs, processes, and outputs, as well as other systems-oriented phenomena at each level.

Such an approach is presented here because levels and systems analyses allow observers to adopt multifocal perspectives on societal phenomena. for example, to the extent that one of the many causes of the crisis was that risky home loans were made by financial institutions to homeowners who could not repay them, a sustainability perspective could include macro phenomena, such as continued human population growth and need for shelter, and micro phenomena, such as excessive heating and cooling bills exacerbating home-loan repayment. Similarly, regarding societal responses to these crises, in this case, recovery from economic crises, sustainability approaches might include reductions in overall human population

-291-

Notes for this page

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Default project is now your active project.
Project items

Items saved from this book

This book has been saved
Highlights (0)
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

Citations (0)
Some of your citations are legacy items.

Any citation created before July 30, 2012 will labeled as a “Cited page.” New citations will be saved as cited passages, pages or articles.

We also added the ability to view new citations from your projects or the book or article where you created them.

Notes (0)
Bookmarks (0)

You have no saved items from this book

Project items include:
  • Saved book/article
  • Highlights
  • Quotes/citations
  • Notes
  • Bookmarks
Notes
Cite this page

Cited page

Style
Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

1

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited page

Bookmark this page
Learning from the Global Financial Crisis: Creatively, Reliably, and Sustainably
Table of contents

Table of contents

Settings

Settings

Typeface
Text size Smaller Larger Reset View mode
Search within

Search within this book

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Full screen
/ 364

matching results for page

Cited passage

Style
Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited passage

Welcome to the new Questia Reader

The Questia Reader has been updated to provide you with an even better online reading experience.  It is now 100% Responsive, which means you can read our books and articles on any sized device you wish.  All of your favorite tools like notes, highlights, and citations are still here, but the way you select text has been updated to be easier to use, especially on touchscreen devices.  Here's how:

1. Click or tap the first word you want to select.
2. Click or tap the last word you want to select.

OK, got it!

Thanks for trying Questia!

Please continue trying out our research tools, but please note, full functionality is available only to our active members.

Your work will be lost once you leave this Web page.

For full access in an ad-free environment, sign up now for a FREE, 1-day trial.

Already a member? Log in now.