scholarly journals Organizations Recovered To Good Health: The Path To The Goal

2012 ◽  
Vol 11 (4) ◽  
pp. 467
Author(s):  
Narayan Krishna Prabhu
Keyword(s):  
Human Resources ◽  
Great Recession ◽  
Paradigm Shift ◽  
Industrial Relations ◽  
Good Health ◽  
The Great Recession ◽  
The Great Depression ◽  
Organizational Excellence ◽  
Statutory Body ◽  
Set Up

The backdrop of economic recovery now seems to be a reality. There are comparisons drawn between the Great Depression (1930s) and the Great Recession (2008 onward). Organizational excellence, involving a paradigm shift, is the need of the hour. Research in the captioned arena is a pointer to the mammoth task(s) ahead in terms of rehabilitation. This Great Recession has cast ugly pressures in various organizational areas be it legal, marketing and consumer behavior, human resources, and industrial relations. Many stakeholders are awakened by the harsh realities and there is a crying need to set up a statutory body to review the function of organizations.

Financial Crises and the Public Discourse on Financial Elites

2018 ◽  
Author(s):  
Youssef Cassis ◽  
Giuseppe Telesca
Keyword(s):  
Great Depression ◽  
Great Recession ◽  
Public Discourse ◽  
Codes Of Conduct ◽  
The Public ◽  
The Great Recession ◽  
The Great Depression ◽  
Early Twenty ◽  
Before And After ◽  
Late Twentieth

Why were elite bankers and financiers demoted from ‘masters’ to ‘servants’ of society after the Great Depression, a crisis to which they contributed only marginally? Why do they seem to have got away with the recent crisis, in spite of their palpable responsibilities in triggering the Great Recession? This chapter provides an analysis of the differences between the bankers of the Great Depression and their colleagues of the late twentieth/early twenty-first century—regarding their position within, and attitude towards the firm, work culture, mental models, and codes of conduct—complemented with a scrutiny of the public discourse on bankers and financiers before and after the two crises. The authors argue that the (relative) mildness of the Great Recession, compared to the Great Depression, has contributed to preserve elite bankers’ and financiers’ status, income, wealth, and influence. Yet, the long-term consequences of their loss of reputational capital are difficult to assess.

The Great Depression and the Great Recession in Interwar Greece and Today: A comparison

2015 ◽  
Vol 66 (2) ◽  
Author(s):  
Sophia Lazaretou
Keyword(s):  
Great Recession ◽  
Empirical Studies ◽  
Economic Downturn ◽  
The Great Recession ◽  
The Past ◽  
Greek Crisis ◽  
The Great Depression ◽  
Terra Incognita ◽  
Cross Country ◽  
Nominal Anchor

AbstractThe past Greek crisis experience is more or less terra incognita. In all historical empirical studies Greece is systematically neglected or included only sporadically in their cross-country samples. In the national literature too there is little on this topic. In this paper we use the 1930s crisis as a useful testing ground to compare the two crises episodes, ‘then’ and ‘now’; to detect differences and similarities and discuss the policy facts with the ultimate aim to draw some ‘policy lessons’ from history. To the best of our knowledge, this is the first attempt to study the Greek crisis experience across the two historical episodes. Comparisons with the interwar period show that the recent economic downturn was faster, larger and more severe than during the early 1930s. More importantly, analysing the determinants of the two crises, we conclude that Greece’s problems arose from its inability to credibly adhere to a nominal anchor.

scholarly journals War 2008 das neue 1929? Richtige und falsche Vergleiche zwischen der Großen Depression der 1930er Jahre und der Großen Rezession von 2008

2012 ◽  
Vol 13 (Supplement) ◽  
pp. 36-57 ◽  
Author(s):  
Albrecht Ritschl
Keyword(s):  
Great Depression ◽  
Great Recession ◽  
Global Financial Crisis ◽  
The Political ◽  
Final Phase ◽  
Main Hypothesis ◽  
The Great Recession ◽  
The Great Depression ◽  
Political Response ◽  
Fast Spreading

AbstractThe Great Recession of 2008 hit the international economy harder than any other peacetime recession since the Great Contraction after 1929. Soon enough, analogies with the Great Depression were presented, and conclusions were drawn regarding the political response to the slump. This paper is an attempt to sort out real and false analogies and to present conclusions for policy. Its main hypothesis is that the Great Recession resembles the final phase of the Great Contraction between 1931 and 1933, characterized by a fast spreading global financial crisis and the breakdown of the international Gold Standard. The same is also true of the political responses to the banking problems occurring in both crises. The analogy seems less robust for the initial phase of the Great Depression after 1929. The monetary policy response to the Great Recession largely seems to be informed by the monetary interpretation of the Great Depression, but less so by the lessons from the interwar financial crises. As in the Great Depression, policy appears to be on a learning curve, moving away from a mostly monetary response toward mitigating counterpart risk and minimizing interbank contagion.

Comment on “The Great Depression”

2009 ◽  
Vol 30 (2) ◽  
pp. 123-129
Author(s):  
Eloi Laurent
Keyword(s):  
Great Depression ◽  
Great Recession ◽  
The Great Recession ◽  
The Great Depression ◽  
Push Forward

Put together, my remarks constitute an unsubtle attempt at rendering explicit the elegant implicit comparisons between the Great Depression and today’s “Great recession” that make Alan Brinkley’s article an insightful delight for the reader. At the end of his paper, Brinkley points out to some similarities between the two crises. In the brief following comment, I will push forward his conclusion but on a somewhat different path: in my view, if the consequences of the Great Depression and the “Great Recession” have so far been quite different, their causes appear to be in many respects alike, or at least parallel.

Social class and mental health

2018 ◽  
pp. 159-172
Author(s):  
M. Harvey Brenner
Keyword(s):  
Mental Health ◽  
Social Class ◽  
Great Recession ◽  
Psychological Disorder ◽  
Mental Health Crisis ◽  
Economic Crises ◽  
Income Loss ◽  
Health Crisis ◽  
The Great Recession ◽  
The Great Depression

The Great Depression saw increasingly higher rates of mental disorder at successively lower social class levels. These findings have been repeated over the twentieth and twenty-first centuries. Dynamic interpretations of these relations have concentrated on vulnerability to economic crises, resulting in major increases in mental hospitalization and suicide. These studies have shown psychological morbidity and suicide to be strongly influenced by employment and income loss. Did the Great Recession re-enact the Great Depression’s mental health crisis for world societies? Recent literature shows substantially elevated psychological disorder in the Great Recession across industrialized societies. New multivariate analyses, using gross domestic product declines and unemployment increases as the main recessional indicators, find that world suicide and industrialized country overall mortality rates increased owing to the Great Recession and government austerity. A paradigm is presented of the circular relations linking economic crises, social class, and the interactive relations of mental and physical health.

Local Economic Conditions and Fertility from the Great Depression through the Great Recession

2020 ◽  
Vol 110 ◽  
pp. 236-240
Author(s):  
Jessamyn Schaller ◽  
Price Fishback ◽  
Kelli Marquardt
Keyword(s):  
Great Recession ◽  
Data Model ◽  
The United States ◽  
Dynamic Responses ◽  
Economic Conditions ◽  
Income Shocks ◽  
Entire Sample ◽  
The Great Recession ◽  
The Great Depression ◽  
Per Capita

This paper reexamines the association between local economic conditions and fertility using a new dataset of county-level birthrates and per capita income in the United States spanning the period 1937-2016. Using a panel data model, we estimate that growth in local income is positively associated with birthrates over our entire sample period and that the strength of that association peaked during the 1960-1990 period and has declined in recent decades. We additionally estimate dynamic responses to local income shocks, finding that birthrates remain elevated for up to four years after a shock.

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