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The global financial crisis and its aftermath: a perspective from fiction

Arch, L. ORCID: (2021) The global financial crisis and its aftermath: a perspective from fiction. Qualitative Research in Financial Markets, 13 (1). pp. 50-58. ISSN 1755-4179

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To link to this item DOI: 10.1108/QRFM-06-2020-0099


Purpose Since the global financial crisis of 2007-09 academic research has paid considerable attention to understanding the nature of the crisis, its causes and consequences. This is not surprising given the scale and scope of the crisis. Much of this research has been undertaken within social science disciplines. At the same time, the crisis has also been the subject of fiction – novels, poetry and drama and there is also a small body of academic scholarship on fiction relating to the crisis (and on finance in fiction more generally). The purpose of this viewpoint article is to suggest that fiction can offer a new perspective on the global financial crisis and thereby enhance our understanding of it. Design/methodology/approach This exploration draws upon three works of post-crisis fiction: the 2009 play by David Hare, The Power of Yes: A Dramatist Seeks to Understand the Financial Crisis (hereafter The Power of Yes); Other People’s Money, a novel by Justin Cartwright (2011); and Robert Harris’s novel The Fear Index also published in 2011. Its approach is based on close readings of the three texts in question. Findings Finance fiction stimulates a reconceptualization of the global financial crisis as a crisis of innovation and technological change Originality This article is a viewpoint article. The originality lies in the author’s interpretation of reading the global financial crisis through fiction.

Item Type:Article
Divisions:Henley Business School > ICMA Centre
ID Code:91406
Publisher:Emerald Publishing Limited


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