The 2008 financial crisis: from genesis to apocalypse

Free-market economics, a product of financial deregulation since the 1980s, has experienced an almost limitless boom. Its ideological bases was that of “market efficiency,” or the “invisible hand,” which were assumed to regulate transactions perfectly. The crisis that exploded in the summer of 2007...

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Detalles Bibliográficos
Autor: Cobbaut, Robert
Tipo de recurso: artículo
Estado:Versión publicada
Fecha de publicación:2026
País:Ecuador
Idioma:español
OAI Identifier:oai:revistas.flacsoandes.edu.ec:article/6815
Acceso en línea:https://revistas.flacsoandes.edu.ec/mundosplurales/article/view/6815
Access Level:acceso abierto
Palabra clave:crisis financiera 2008
finanzas de mercado
desregulación financiera
keynesianismo
financial crisis of 2008
free market economics
financial deregulation
Keynesianism
Descripción
Sumario:Free-market economics, a product of financial deregulation since the 1980s, has experienced an almost limitless boom. Its ideological bases was that of “market efficiency,” or the “invisible hand,” which were assumed to regulate transactions perfectly. The crisis that exploded in the summer of 2007 led by the autumn of 2008 to a situation that qualified as apocalyptic. The underlying conditions and the necessary means to arrive at a durable solution do not consist in the improvement of the existing financial system, but rather in questioning the inherent empowerment of free market economics.