The Credit Crisis as a Problem in the Sociology of Knowledge

Abstract

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Modelling customers' intentions to use contactless cards

“…This has important ramifications for the design of banking products and services, particularly in these turbulent times. Many scholars have indentified the complexity of financial innovations as one of the root causes of the recent financial crisis (see, for example, Crotty, 2009;Issing, 2009;Mackenzie, 2011). It appears probable that consumers will be increasingly wary of financial developments that they do not fully understand.…”

On the reflexivity of crises

“…After the events of the financial crisis of 2008, social and political theorists have sought to reinvigorate the theorizing of crisis phenomena in contemporary world society (Author 1a; Fraser, 2014;Jessop, Young & Scherrer, 2015;Kjaer, Teubner and Febbrajo, 2011;Kjaer and Olsen, 2016; Author 2 et al; Mckenzie, 2011;Milstein, 2015). Despite customary criticisms on the ubiquity of the concept of crisis in public debate and on the historicist commitments of crisis narratives in social analysis (Roitman, 2014), we contend that crises remain a distinctive structural feature of modern societies as much as a rich source of knowledge of the dynamics of social life.…”

The new realist ontology

“…Empirical studies influenced by SSoF advance the understanding of failures in modern finance and helped to explain the financial crisis of 2007/08 (christoPhers 2013MackenZie 2011;engelen et al 2010;Berndt 2011). Nevertheless, economic theories like institutional economics and new banking theories, with their notion of e. g. information asymmetry, agency problems, shape our understanding of why geography matters in finance (klagge 2009; gärtner 2009; handke 2011; ZadeMach 2014).…”