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The global financial crisis and its aftermath: a perspective from fiction

The global financial crisis and its aftermath: a perspective from fiction Since the global financial crisis of 2007-2009 academic research has paid considerable attention to understanding the nature of the crisis, its causes and consequences. This is not surprising given the scale and scope of the crisis. Much of this research has been undertaken within social science disciplines. At the same time, the crisis has also been the subject of fiction – novels, poetry and drama, and there is also a small body of academic scholarship on fiction relating to the crisis (and on finance in fiction more generally). The purpose of this paper is to suggest that fiction can offer a new perspective on the global financial crisis and thereby enhance our understanding of it.Design/methodology/approachThis exploration draws upon three works of post-crisis fiction: the 2009 play by David Hare, The Power of Yes: A Dramatist Seeks to Understand the Financial Crisis (hereafter The Power of Yes); Other People’s Money, a novel by Justin Cartwright (2011); and Robert Harris’s novel The Fear Index also published in 2011. Its approach is based on close readings of the three texts in question.FindingsFinance fiction stimulates a reconceptualization of the global financial crisis as a crisis of innovation and technological change.Originality/valueThis paper is a viewpoint article. The originality lies in the author’s interpretation of reading the global financial crisis through fiction. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Qualitative Research in Financial Markets Emerald Publishing

The global financial crisis and its aftermath: a perspective from fiction

Qualitative Research in Financial Markets , Volume 13 (1): 9 – Jun 7, 2021

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Publisher
Emerald Publishing
Copyright
© Emerald Publishing Limited
ISSN
1755-4179
eISSN
1755-4179
DOI
10.1108/qrfm-06-2020-0099
Publisher site
See Article on Publisher Site

Abstract

Since the global financial crisis of 2007-2009 academic research has paid considerable attention to understanding the nature of the crisis, its causes and consequences. This is not surprising given the scale and scope of the crisis. Much of this research has been undertaken within social science disciplines. At the same time, the crisis has also been the subject of fiction – novels, poetry and drama, and there is also a small body of academic scholarship on fiction relating to the crisis (and on finance in fiction more generally). The purpose of this paper is to suggest that fiction can offer a new perspective on the global financial crisis and thereby enhance our understanding of it.Design/methodology/approachThis exploration draws upon three works of post-crisis fiction: the 2009 play by David Hare, The Power of Yes: A Dramatist Seeks to Understand the Financial Crisis (hereafter The Power of Yes); Other People’s Money, a novel by Justin Cartwright (2011); and Robert Harris’s novel The Fear Index also published in 2011. Its approach is based on close readings of the three texts in question.FindingsFinance fiction stimulates a reconceptualization of the global financial crisis as a crisis of innovation and technological change.Originality/valueThis paper is a viewpoint article. The originality lies in the author’s interpretation of reading the global financial crisis through fiction.

Journal

Qualitative Research in Financial MarketsEmerald Publishing

Published: Jun 7, 2021

Keywords: Crunch lit; Finance and knowledge; Finance fiction; Global financial crisis in fiction; Finance and art

References