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There is a long history of interpreting crisis theory, rather as a theory of cycles than of crisis. An example in 2013 by Peter D. Thomas and Geert Reuten, "Crisis and the Rate of Profit in Marx's Laboratory" suggests controversially that even Marx's own critical analysis can be claimed to have transitioned from the former toward the latter. [46]
Many economists agree that the crisis stemmed from an economic bubble, but neither of the major macroeconomic schools within the synthesis had paid much attention to finance or a theory of asset bubbles. [195] The failures of macroeconomic theory at the time to explain the crisis spurred macroeconomists to re-evaluate their thinking. [197]
An economic crisis is a sharp transition to a recession. See for example 1994 economic crisis in Mexico, Argentine economic crisis (1999–2002), South American economic crisis of 2002, Economic crisis of Cameroon. Crisis theory is a central achievement in the conclusions of Karl Marx's critique of Capital.
Coin exchange crisis of 692.Byzantine emperor Justinian II refuses to accept tribute from the Umayyad Caliphate with new Arab gold coins for fear of exposing double counting in the Byzantine financial system (actual weight less, than nominal quantity), which leads to the Battle of Sebastopolis and the revolt of taxpayers who burned financial officials in a copper bull.
The theory states that a crisis recurs in American history after every saeculum, which is followed by a recovery (high). During this recovery, institutions and communitarian values are strong. Ultimately, succeeding generational archetypes attack and weaken institutions in the name of autonomy and individualism , which eventually creates a ...
Situational Crisis Communication Theory (SCCT,), is a theory in the field of crisis communication. It suggests that crisis managers should match strategic crisis responses to the level of crisis responsibility and reputational threat posed by a crisis. [1] SCCT was proposed by W. Timothy Coombs in 2007.
Critical Social Theory: Culture, History, and the Challenge of Difference. Blackwell. ISBN 1557862885 – A survey of and introduction to the current state of critical social theory. Charmaz, K. 1995. "Between positivism and postmodernism: Implications for methods." Studies in Symbolic Interaction 17:43–72. Conquergood, D. 1991.
Mark Twain: "[A] favorite theory of mine [is] that no occurrence is sole and solitary, but is merely a repetition of a thing which has happened before, and perhaps often." [1] Historic recurrence is the repetition of similar events in history.