Abstract
The economic downtown that began in 2008 has had tremendous consequences in the United States (and abroad), including declines in traditional economic variables such as gross domestic product, the stock indices, and employment, as well as the broader measures of well-being detailed in other chapters in this book. Scholars will argue for years to come over the true causes of the downturn—how much was due to imprudent practices on the part of business (chiefly, financial concerns), irresponsible behavior on the part of consumers and borrowers, and ill-designed regulation and intervention by the government—as well as the effects of various aspects of the government response.1
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© 2011 Martha A. Starr
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White, M.D. (2011). We’ve Been Nudged: The Effects of the Downturn on Dignity and Responsibility. In: Starr, M.A. (eds) Consequences of Economic Downturn. Perspectives from Social Economics. Palgrave Macmillan, New York. https://doi.org/10.1057/9780230118355_6
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DOI: https://doi.org/10.1057/9780230118355_6
Publisher Name: Palgrave Macmillan, New York
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