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What type of crisis is this? The coronavirus crisis as a crisis of the economicised society

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  • Ötsch, Walter

Abstract

The paper addresses the following questions: what type of crisis is this? How can we put the events together in our minds so that we have a coherent, complete picture of the crisis? How can we put this crisis in its historical context and what are the consequences for the future of our society? The paper consists of three parts: (1) a background to the crisis, esp. economic facts, (2) an interpretation of the crisis and (3) an outlook to the future and potential scenarios for how society will react to the crisis.

Suggested Citation

  • Ötsch, Walter, 2020. "What type of crisis is this? The coronavirus crisis as a crisis of the economicised society," Working Paper Serie des Instituts für Ökonomie 57, Hochschule für Gesellschaftsgestaltung (HfGG), Institut für Ökonomie.
    • Handle: RePEc:zbw:cuswps:57
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    File URL: https://www.econstor.eu/bitstream/10419/216728/1/1696968518.pdf
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    References listed on IDEAS

    as
    1. Graupe, Silja, 2017. "Beeinflussung und Manipulation in der ökonomischen Bildung: Hintergründe und Beispiele," Working Paper Serie des Instituts für Ökonomie Ök-31, Hochschule für Gesellschaftsgestaltung (HfGG), Institut für Ökonomie.
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    More about this item

    Keywords

    Corona crisis; scenarions; society; Neoliberalism; market fundamentalism;
    All these keywords.

    JEL classification:

    • A11 - General Economics and Teaching - - General Economics - - - Role of Economics; Role of Economists
    • B25 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Historical; Institutional; Evolutionary; Austrian; Stockholm School
    • E65 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Studies of Particular Policy Episodes
    • F02 - International Economics - - General - - - International Economic Order and Integration
    • F60 - International Economics - - Economic Impacts of Globalization - - - General
    • H10 - Public Economics - - Structure and Scope of Government - - - General
    • I18 - Health, Education, and Welfare - - Health - - - Government Policy; Regulation; Public Health
    • N01 - Economic History - - General - - - Development of the Discipline: Historiographical; Sources and Methods
    • P16 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Capitalist Institutions; Welfare State
    • Z13 - Other Special Topics - - Cultural Economics - - - Economic Sociology; Economic Anthropology; Language; Social and Economic Stratification

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