The Human Factor in the Modern Financial Crisis

Bulletin of the Georgian National Academy of Sciences, Vol. 3, No. 3, 2009

7 Pages Posted: 2 Dec 2012

See all articles by Vladimer Papava

Vladimer Papava

Ivane Javakhishvili Tbilisi State University

Date Written: December 2, 2012

Abstract

Homo transformaticus, therefore, is the carrier of a necroeconomy’s routine who transforms economy. Unlike a necroeconomy, whose routine is carried by a human being which is 'still-to-be-formed,' a zombie-economy’s routine is carried by the 'gone and departed' man, the so-called zombie economicus. Under the conditions of the present financial crisis, the threat of a zombie-economy is also aggressively knocking on the doors of those developed economies which, until recently, seemed to have escaped the zombieing of their economies. The only effective mechanism to get rid of both a necroeconomy and a zombieeconomy is to adopt a sound bankruptcy law.

Keywords: financial crisis, homo economicus, homo soveticus, homo transformaticus, zombie economicus

JEL Classification: O10, O23, O57, P16, P26

Suggested Citation

Papava, Vladimer, The Human Factor in the Modern Financial Crisis (December 2, 2012). Bulletin of the Georgian National Academy of Sciences, Vol. 3, No. 3, 2009 . Available at SSRN: https://ssrn.com/abstract=2183871 or http://dx.doi.org/10.2139/ssrn.2183871

Vladimer Papava (Contact Author)

Ivane Javakhishvili Tbilisi State University ( email )

1, Ilia Tchavtchavadze avenue
Tbilisi, Tbilisi 0179
Georgia
+995 32 222-0241 (Phone)
+995 32 222-5107 (Fax)

Here is the Coronavirus
related research on SSRN

Paper statistics

Downloads
32
Abstract Views
332
PlumX Metrics