The Financial Crisis - An Ideal Teaching Moment
Does after the crisis mean before the crisis? Financial crises are part of the economic cycle and therefore not only absolutely normal but under certain circumstances beneficial. Is this also true for the ongoing financial crisis? It might be too soon to draw final conclusions, but financial crises...
| Main Authors: | , , |
|---|---|
| Format: | Article |
| Language: | deu |
| Published: |
Bielefeld University
2012-10-01
|
| Series: | Journal of Social Science Education |
| Online Access: | http://www.jsse.org/index.php/jsse/article/view/643 |
| _version_ | 1811282378888314880 |
|---|---|
| author | Ewald Mittelstaedt Roman Lutz Claudia Wiepcke |
| author_facet | Ewald Mittelstaedt Roman Lutz Claudia Wiepcke |
| author_sort | Ewald Mittelstaedt |
| collection | DOAJ |
| description | Does after the crisis mean before the crisis? Financial crises are part of the economic cycle and therefore not only absolutely normal but under certain circumstances beneficial. Is this also true for the ongoing financial crisis? It might be too soon to draw final conclusions, but financial crises show a great potential to encourage learning from the past and to foster socio-economic education. That’s not meant as a belittlement of the financial crisis, but should sharpen the mind to notice a primary dilemma of our economic system: Even though increasing credit facilities contributed to the economic prosperity during the last decades, the development of savings and debts should be in balance with the long-term productive capacity of society, economy and environment. The authors will review certain aspects and causes of the financial crisis under social und environmental constraints and will discuss possible long-term paths of development from an economic perspective. Following this, didactical implications will be considered and feasible learning content will be discussed. |
| first_indexed | 2024-04-13T01:50:28Z |
| format | Article |
| id | doaj.art-2ff0a939b67342bbbcd0f6c3746327b0 |
| institution | Directory Open Access Journal |
| issn | 1618-5293 |
| language | deu |
| last_indexed | 2024-04-13T01:50:28Z |
| publishDate | 2012-10-01 |
| publisher | Bielefeld University |
| record_format | Article |
| series | Journal of Social Science Education |
| spelling | doaj.art-2ff0a939b67342bbbcd0f6c3746327b02022-12-22T03:07:53ZdeuBielefeld UniversityJournal of Social Science Education1618-52932012-10-0112210.4119/jsse-643The Financial Crisis - An Ideal Teaching MomentEwald MittelstaedtRoman LutzClaudia WiepckeDoes after the crisis mean before the crisis? Financial crises are part of the economic cycle and therefore not only absolutely normal but under certain circumstances beneficial. Is this also true for the ongoing financial crisis? It might be too soon to draw final conclusions, but financial crises show a great potential to encourage learning from the past and to foster socio-economic education. That’s not meant as a belittlement of the financial crisis, but should sharpen the mind to notice a primary dilemma of our economic system: Even though increasing credit facilities contributed to the economic prosperity during the last decades, the development of savings and debts should be in balance with the long-term productive capacity of society, economy and environment. The authors will review certain aspects and causes of the financial crisis under social und environmental constraints and will discuss possible long-term paths of development from an economic perspective. Following this, didactical implications will be considered and feasible learning content will be discussed.http://www.jsse.org/index.php/jsse/article/view/643 |
| spellingShingle | Ewald Mittelstaedt Roman Lutz Claudia Wiepcke The Financial Crisis - An Ideal Teaching Moment Journal of Social Science Education |
| title | The Financial Crisis - An Ideal Teaching Moment |
| title_full | The Financial Crisis - An Ideal Teaching Moment |
| title_fullStr | The Financial Crisis - An Ideal Teaching Moment |
| title_full_unstemmed | The Financial Crisis - An Ideal Teaching Moment |
| title_short | The Financial Crisis - An Ideal Teaching Moment |
| title_sort | financial crisis an ideal teaching moment |
| url | http://www.jsse.org/index.php/jsse/article/view/643 |
| work_keys_str_mv | AT ewaldmittelstaedt thefinancialcrisisanidealteachingmoment AT romanlutz thefinancialcrisisanidealteachingmoment AT claudiawiepcke thefinancialcrisisanidealteachingmoment AT ewaldmittelstaedt financialcrisisanidealteachingmoment AT romanlutz financialcrisisanidealteachingmoment AT claudiawiepcke financialcrisisanidealteachingmoment |