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Fragility of global finance: systemic risk as black swan

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Fragile Stabilität – stabile Fragilität

Part of the book series: zu | schriften der Zeppelin Universität ((zszuzwkp))

Zusammenfassung

What if capitalism were to collapse? Many critics of capitalism do not realize that there is no viable alternative to capitalism after the demise of socialism; there are only alternatives within market capitalism. Varieties of capitalism span a broad range from market fundamentalism to welfare capitalism, and these varieties correspond to varieties of democracy (Hall and Thelen 2005; Willke 2009) As a specific governance regime for the economy, capitalism is based mainly on selforganization and self-governance of markets, supplemented with varying institutional arrangements to safeguard the proper functioning of the market.

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Authors and Affiliations

  1. Bielefeld, Deutschland

    Helmut Willke

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  1. Helmut Willke
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Correspondence to Helmut Willke .

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Editors and Affiliations

  1. Zeppelin Universität, Am Seemoser Horn 20, Friedrichshafen, 88045, Germany

    Stephan A. Jansen

  2. Zeppelin Universität, Am Seemoser Horn 20, Friedrichshafen, 88045, Germany

    Eckhard Schröter

  3. Karl-Mannheim-LS für Kulturwissenschaft, Zeppelin Universität, Am Seemooser Horn 20, Friedrichshafen, 88045, Germany

    Nico Stehr

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Willke, H. (2013). Fragility of global finance: systemic risk as black swan. In: Jansen, S., Schröter, E., Stehr, N. (eds) Fragile Stabilität – stabile Fragilität. zu | schriften der Zeppelin Universität. Springer VS, Wiesbaden. https://doi.org/10.1007/978-3-658-02248-8_15

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  • DOI: https://doi.org/10.1007/978-3-658-02248-8_15

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  • Publisher Name: Springer VS, Wiesbaden

  • Print ISBN: 978-3-658-02247-1

  • Online ISBN: 978-3-658-02248-8

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