The Crisis and Miss Emily's Perceptions
Business & Finance, Economics, International Economics, Nonfiction, Social & Cultural Studies, Political Science, Politics, Economic Policy
| Author: | Luc Mr. Leruth, Pierre Nicolas | ISBN: | 9781462382835 |
| Publisher: | INTERNATIONAL MONETARY FUND | Publication: | November 19, 2010 |
| Imprint: | INTERNATIONAL MONETARY FUND | Language: | English |
| Author: | Luc Mr. Leruth, Pierre Nicolas |
| ISBN: | 9781462382835 |
| Publisher: | INTERNATIONAL MONETARY FUND |
| Publication: | November 19, 2010 |
| Imprint: | INTERNATIONAL MONETARY FUND |
| Language: | English |
The Crisis and Miss Emily's Perceptions draws an analogy between the theme and the characters in Faulkner's short story "A Rose for Emily" and the global financial crisis. In Faulkner's story, all the characters try to deny realities, thus allowing an unstable situation to last longer than it should have. The paper briefly reviews the literature on perception biases and argues that all economic actors have, to some degree, been refusing to face realities, which helped the crisis to unfold.
The Crisis and Miss Emily's Perceptions draws an analogy between the theme and the characters in Faulkner's short story "A Rose for Emily" and the global financial crisis. In Faulkner's story, all the characters try to deny realities, thus allowing an unstable situation to last longer than it should have. The paper briefly reviews the literature on perception biases and argues that all economic actors have, to some degree, been refusing to face realities, which helped the crisis to unfold.
