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Unconventional Consideration Manners of the Economic Crisis III

What is to be done as a solution for the crisis?

Uwe Petersen

In the beginning of 2011 Unkonventionelle Betrachtungsweisen zur Wirtschaftskrise. Von Haien, Heuschrecken und anderem Getier (Unconventional Consideration Manners of the Economic Crisis I. From Sharks, Grasshoppers and other Creatures) was published, which explained aphoristically succinct aspects of the economic crisis. At the end of August, 2011, the second volume with the subtitle Illnesses of the Economic System and Possibilities and Limits of their Healing appeared in German, which analyses the traditional measures of the economic policy and exemplarily describes the economic case history of single countries. The result of these analyses was that the conventional economic policies only cured symptoms but aggravated even the fragility of the economic system. Therefore in this book (a little modified and actualised translation of the third volume published in German in 2012) unconventional solution possibilities of the financial and economic crisis are indicated, and are backed up ethically. The treatises in this volume are clear for themselves, and at the same time give an overview about the crisis problems all together, and that’s why it seemed to be justified to translate only this volume in English.

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Introduction

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This book is a little modified and actualised translation of "Unkonventionelle Betrachtungsweisen zur Wirtschaftskrise III. Was ist zur Lösung der Krise zu tun?" published in German in 2012. In the book "Wirtschaftsethik und Wirtschaftspolitik. Zur Überwindung der globalen Wirtschaftskrise. Von der liberalen zur sozialliberalen Wirtschaftsordnung“ [Economic Ethics and Economic Policy. For Overcoming the Global Economic Crisis. From Liberal to the Social-liberal Economic System"]11, published in May, 2010, the present economic crisis was derived from the development of the economic-ethical norms, and the economic behavioural manners, economic maxims and possible solutions for overcoming the crisis were indicated. Moreover it becomes clear that the resulted dislocations of the economic system have become so big that they can no longer be settled with conventional economic measures. Then in the beginning of 2011 as it were for the hasty reader, the book "Unkonventionelle Betrachtungsweisen zur Wirtschaftskrise. Von Haien, Heuschrcken und anderem Getier" [Unconventional Consideration Manners of the Economic Crisis I. From Sharks, Grasshoppers and other Creatures] was published which explained aphoristically succinct aspects of the economic crisis. But the single analyses nevertheless, together provide a whole understanding. At the end of August, 2011, the second volume of the "Unkonventionelle Betrachtungsweisen zur Wirtschaftskrise II. Krankheiten des Wirtschaftssystems und Möglichkeiten und Grenzen ihrer Heilung" [Unconventional Consideration Manners of the Economic Crisis II] appeared, which exemplarily analyses and describes the economic case history of single countries "Illnesses of the Economic System and Possibilities and Limits of their Healing". Because the conventional economic measures shown...

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