{"product_id":"credit-crisis-von-niccolo-caldararo","title":"Credit Crisis","description":"\u003cp\u003eBanks are generally considered  to be utilities that allow  for the transmission of value on a daily basis in modern society, but they  also seem to create devastating events like credit crises by the manufacture  of credit. How this power originated in human society is of interest. Most  animals produce some degree of savings, either in caching from one season  to the next or for later in one season. Often these savings are an intergenerational transfer for the initial survival of young as in some wasps,  or in a later use by the same individual who produces the savings either in  the same year or the next as in many birds. The evolution of the bank, of  institutions for organizing the savings of groups of humans has had a  number of separate points of origin in history in various societies in  antiquity and most recently during the Middle Ages in Europe. The history  of banking illuminates the nature of contemporary fears about banks. Why  banks are seen as necessary and deserving of saving or protecting during  economic crises often seems a matter of faith or dogma than of necessity.   This is why neither Bush nor Obamäs advisors, nor the EU have  crafted as bold actions as FDR.\u003c\/p\u003e\u003cdiv class=\"aw-variant-hidden-subtitle-div\" id=\"aw-variant-subtitle-9783639707298\"\u003e\u003ch3\u003eMagical Thinking, Irrationality and the Role of Inequality\u003c\/h3\u003e\u003c\/div\u003e","brand":"Autorenwelt Shop","offers":[{"title":"Softcover - 9783639707298","offer_id":39482391101533,"sku":"9783639707298","price":99.9,"currency_code":"EUR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0940\/0622\/files\/e26404ef-be70-4d62-85f3-b43fcd91c2ba.jpg?v=1774931681","url":"https:\/\/shop.autorenwelt.de\/products\/credit-crisis-von-niccolo-caldararo","provider":"Autorenwelt Shop","version":"1.0","type":"link"}