Stuart Vyse
- Published in print:
- 2008
- Published Online:
- March 2012
- ISBN:
- 9780195306996
- eISBN:
- 9780199847099
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780195306996.003.0002
- Subject:
- Psychology, Social Psychology
The current trend toward the medicalization of every human problem is introduced in this chapter, and it examines the debate on the notion that thinking over the debt does not mean there is a ...
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The current trend toward the medicalization of every human problem is introduced in this chapter, and it examines the debate on the notion that thinking over the debt does not mean there is a disease. The problem of indebtedness and financial failure is presented with a new set of assumptions. Finally, the chapter discusses a story regarding financial failure.Less
The current trend toward the medicalization of every human problem is introduced in this chapter, and it examines the debate on the notion that thinking over the debt does not mean there is a disease. The problem of indebtedness and financial failure is presented with a new set of assumptions. Finally, the chapter discusses a story regarding financial failure.
Stuart Vyse
- Published in print:
- 2008
- Published Online:
- March 2012
- ISBN:
- 9780195306996
- eISBN:
- 9780199847099
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780195306996.003.0001
- Subject:
- Psychology, Social Psychology
This chapter discusses expenses that may lead to financial problems. The combination of high levels of debt, no savings, and a strained household budget is a formula for disaster. The United States ...
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This chapter discusses expenses that may lead to financial problems. The combination of high levels of debt, no savings, and a strained household budget is a formula for disaster. The United States has the highest gross domestic product of any nation. Bankruptcy and foreclosure are concrete examples of financial failure, but even for those who are able to avoid these end points, negotiating the troubling waters of money and debt can be a substantial strain. The aim of this chapter is to gain a better understanding of these problems. The chapter presents a story of bankruptcy.Less
This chapter discusses expenses that may lead to financial problems. The combination of high levels of debt, no savings, and a strained household budget is a formula for disaster. The United States has the highest gross domestic product of any nation. Bankruptcy and foreclosure are concrete examples of financial failure, but even for those who are able to avoid these end points, negotiating the troubling waters of money and debt can be a substantial strain. The aim of this chapter is to gain a better understanding of these problems. The chapter presents a story of bankruptcy.
Sue Jaffer, Susana Knaudt, and Nicholas Morris
- Published in print:
- 2014
- Published Online:
- October 2014
- ISBN:
- 9780198712220
- eISBN:
- 9780191780752
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780198712220.003.0005
- Subject:
- Economics and Finance, Financial Economics, Economic Systems
This chapter looks at the evolution of regulation over time and how reliance on trust and relationships has changed. It also examines the nature of the failures which occurred. In some cases these ...
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This chapter looks at the evolution of regulation over time and how reliance on trust and relationships has changed. It also examines the nature of the failures which occurred. In some cases these were errors of omission. In other cases the problems were intrinsic to the regulatory process, although they were worsened by changes to industry structure and incentives. Yet other problems were created or seriously exacerbated by regulation itself. Misplaced faith in the efficient market hypothesis and the risk models developed on the back of this theory allowed systemic pressure to go unchecked. Governance arrangements in the financial industry were also found wanting during the GFC. The chapter finishes by identifying the lessons that have been learned and examining the issues that remain—issues which require an explicit focus on encouraging trustworthiness and the use of mechanisms which reinforce appropriate values and norms.Less
This chapter looks at the evolution of regulation over time and how reliance on trust and relationships has changed. It also examines the nature of the failures which occurred. In some cases these were errors of omission. In other cases the problems were intrinsic to the regulatory process, although they were worsened by changes to industry structure and incentives. Yet other problems were created or seriously exacerbated by regulation itself. Misplaced faith in the efficient market hypothesis and the risk models developed on the back of this theory allowed systemic pressure to go unchecked. Governance arrangements in the financial industry were also found wanting during the GFC. The chapter finishes by identifying the lessons that have been learned and examining the issues that remain—issues which require an explicit focus on encouraging trustworthiness and the use of mechanisms which reinforce appropriate values and norms.
V. Markham Lester
- Published in print:
- 1995
- Published Online:
- October 2011
- ISBN:
- 9780198205180
- eISBN:
- 9780191676536
- Item type:
- book
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780198205180.001.0001
- Subject:
- History, British and Irish Modern History, Economic History
This is the first legal and financial history of bankruptcy in 19th-century England. This book offers a full statistical analysis and detailed account of bankruptcy, imprisonment for debt, and ...
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This is the first legal and financial history of bankruptcy in 19th-century England. This book offers a full statistical analysis and detailed account of bankruptcy, imprisonment for debt, and company winding-up, and traces the decline in the level of insolvency towards the end of the century. This book's analysis demonstrates the validity of the Victoriansʼ notion that financial failure was a significant problem for English society. The book shows that random factors may have played as great a role as cyclical fluctuations in bankruptcy levels. The book also adds a new and significant dimension to the debate on government growth by analysing for the first time the part the English legal system played in the growth of British government. By the end of the 19th century, the administration of bankrupt estates was one of the largest items of government expenditure. The book sets Victorian management of insolvency in the context of other 19th-century legal and financial reforms and assesses its role in the development of the modern British state.Less
This is the first legal and financial history of bankruptcy in 19th-century England. This book offers a full statistical analysis and detailed account of bankruptcy, imprisonment for debt, and company winding-up, and traces the decline in the level of insolvency towards the end of the century. This book's analysis demonstrates the validity of the Victoriansʼ notion that financial failure was a significant problem for English society. The book shows that random factors may have played as great a role as cyclical fluctuations in bankruptcy levels. The book also adds a new and significant dimension to the debate on government growth by analysing for the first time the part the English legal system played in the growth of British government. By the end of the 19th century, the administration of bankrupt estates was one of the largest items of government expenditure. The book sets Victorian management of insolvency in the context of other 19th-century legal and financial reforms and assesses its role in the development of the modern British state.
V. Markham Lester
- Published in print:
- 1995
- Published Online:
- October 2011
- ISBN:
- 9780198205180
- eISBN:
- 9780191676536
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780198205180.003.0008
- Subject:
- History, British and Irish Modern History, Economic History
This chapter sums up the key findings of this study on insolvency law reform in England during the 19th century and provides some observations about the legacy of the Bankruptcy Act of 1883. It ...
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This chapter sums up the key findings of this study on insolvency law reform in England during the 19th century and provides some observations about the legacy of the Bankruptcy Act of 1883. It highlights the role of the Act in the growth and impact of the government on bankruptcy administration and its influence on bankruptcy legislation in other countries. This study concludes that financial failure was indeed a significant problem Victorian English society and that it was effectively addressed with the reform of the bankruptcy system and the abolition of imprisonment for debt.Less
This chapter sums up the key findings of this study on insolvency law reform in England during the 19th century and provides some observations about the legacy of the Bankruptcy Act of 1883. It highlights the role of the Act in the growth and impact of the government on bankruptcy administration and its influence on bankruptcy legislation in other countries. This study concludes that financial failure was indeed a significant problem Victorian English society and that it was effectively addressed with the reform of the bankruptcy system and the abolition of imprisonment for debt.
Stuart Vyse
- Published in print:
- 2008
- Published Online:
- March 2012
- ISBN:
- 9780195306996
- eISBN:
- 9780199847099
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780195306996.003.0003
- Subject:
- Psychology, Social Psychology
Financial failure has been rising at a dizzying rate, but the explanations for this so far offered could not be more different. The chapter outlines another story of bankruptcy. Caroline's debt was ...
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Financial failure has been rising at a dizzying rate, but the explanations for this so far offered could not be more different. The chapter outlines another story of bankruptcy. Caroline's debt was caused by use of credit cards. She and her husband cut up the cards and paid off Caroline's debt in installments. Counseling helped Caroline overcome her issues.Less
Financial failure has been rising at a dizzying rate, but the explanations for this so far offered could not be more different. The chapter outlines another story of bankruptcy. Caroline's debt was caused by use of credit cards. She and her husband cut up the cards and paid off Caroline's debt in installments. Counseling helped Caroline overcome her issues.
Stuart Vyse
- Published in print:
- 2008
- Published Online:
- March 2012
- ISBN:
- 9780195306996
- eISBN:
- 9780199847099
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780195306996.003.0006
- Subject:
- Psychology, Social Psychology
This chapter looks at advertising and especially examines the information view of advertising. The effect of affective, cognitive, and behavioral reactions to advertisements on people are discussed. ...
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This chapter looks at advertising and especially examines the information view of advertising. The effect of affective, cognitive, and behavioral reactions to advertisements on people are discussed. These are sufficient to result in a purchase. The chapter describes the story of how Frank suffered from financial failure as a result of gambling.Less
This chapter looks at advertising and especially examines the information view of advertising. The effect of affective, cognitive, and behavioral reactions to advertisements on people are discussed. These are sufficient to result in a purchase. The chapter describes the story of how Frank suffered from financial failure as a result of gambling.
