Paul Shrivastava and Matt Statler
This book is motivated by the simple hope that the cloud of the global financial crisis may yet have a silver lining. In short, we hope that political leaders as well as economists and management scholars might seize the opportunity to reflect critically on the assumptions, practices, and infrastructures that have precipitated the crisis, and thereby to imagine and enact new conceptual models as well as new forms of organization that sustainably enhance the well-being of all global stakeholders.
We must admit, however, that this hope has been dampened somewhat by the reactions of world economic political leaders and the economics community since the crisis began several years ago. Leading economists— including Alan Greenspan, and the British Economics Association, in response to the queen—have acknowledged that they did not anticipate the crisis or understand exactly how and why it could have happened. One after another, sovereign leaders as well as industry titans have sought to restore their national economies and marketplaces to some semblance of their precrisis conditions by relying on political and economic strategies that are grounded in that same blind spot. These strategies, and the arguments through which they are advanced in public discourse and policy, rest on a set of basic assumptions that must be subjected to critical scrutiny, lest the seeds of the next crisis be sown precisely in the market stabilization policies themselves.