Learning From the Global Financial CrisisCreatively, Reliably, and Sustainably

Learning From the Global Financial CrisisCreatively, Reliably, and Sustainably

Paul Shrivastava and Matt Statler

Print publication date: 2013

ISBN: 9780804770095

Publisher: Stanford University Press

Abstract

This book is motivated by the simple hope that the cloud of the global financial crisis may yet have a silver lining—that political leaders, economists, and management scholars might seize this opportunity to reflect critically on the assumptions, practices, and infrastructures that have precipitated the crisis and to imagine and create new forms of organization that sustainably enhance the well-being of global stakeholders. The chapters suggest that aesthetic management, high reliability and crisis management, and sustainability science have much to contribute to the resolution of the collapse that we have witnessed, and to providing enduring lessons for how to structure the institutions of the future. This book devotes a section to each of these areas, offering full-length chapters which explore key issues in depth, as well as shorter commentaries that focus on practical considerations. The chapters progress from micro-level issues that pertain to individuals and teams who act creatively; to the meso-level issues that pertain to the structures, practices, and processes; to the macro-level issues that pertain to the interdependent, ecological systems. Together, the chapters emphasize the importance of developing holistic responses to the financial crisis. The result is a volume that casts new light on traditional economic and managerial theories and policies and provides fresh ideas to a new generation of scholars and practitioners.

Table of Contents

Introduction

Paul Shrivastava and Matt Statler

Creatively

1 Truth, Beauty, and the Financial Crisis

Robert Richardson and Matt Statler

2 Aesthetic Leadership

Ralph Bathurst and Margot Edwards

3 Smashing Moneytheist Mirrors

Pierre Guillet de Monthoux

4 Hence God Exists

Skip McGoun

Comments

5 The Art of Finance

Steven S. Taylor

7 Cassim's Law

Henrik Schrat

Reliably

8 Managing the Global Financial Crisis

Paul Shrivastava, William Gruver, and Matt Statler

9 Failures of High Reliability in Finance

Nathaniel I. Bush, Peter F. Martelli, and Karlene H. Roberts

10 Wrong Assumptions and Risk Cultures

Ian I. Mitroff and Can M. Alpaslan

Comments

11 A Busy Decade

Michael Berkowitz

Sustainably

15 The Normative Foundation of Finance

Andreas Georg Scherer and Emilio Marti

Comments

17 The Global Financial Crisis

Murali Murti and N. V. Krishna

In Lieu of a Conclusion

Paul Shrivastava and Matt Statler