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Globalization leveraged pressure on contemporary society. One of today's most pressing social dilemmas between generations arise from overindebtedness. In the aftermath of the 2008/09 crisis, budget crises around the world led to austerity plans triggering an economic climate of stagnation,...
Persistent link: https://www.econbiz.de/10012937403
Climate stabilization is among the most pressing challenges humanity faces in the 21st century. In the words of Pope Francis, “we can no longer speak of sustainable development apart from intergenerational solidarity (2015, p. 78).” While consensus on the necessity for political action to...
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The currently ongoing novel Coronavirus-crisis is an external shock coming down on society with direct impact on societal moods and subsequently connected economic changes. With growing digitalization and quickening of transfer speed, information exchange in the individual involvement to break...
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The currently ongoing COVID-19 crisis challenges health around the world. Public and private sector healthcare provision differs between countries. On an interconnected globe with a highly mobile 21st century population and a most contagious virus, healthcare appears as...
Persistent link: https://www.econbiz.de/10012824960
This article tries to grasp our contemporary Zeitgeist to serve as historic landmark how pandemics can influence the individual decision making, the social compound, national order, economic structures and the larger-scale international compound. The ongoing COVID-19 crisis accounts for one of...
Persistent link: https://www.econbiz.de/10012824965
This paper introduces Mental Temporal Accounting – the behavioral economics application of mental accounting in the time domain. While most discounting studies are in the finance domain, social and environmental components have not gotten as much attention as appearing to require based on the...
Persistent link: https://www.econbiz.de/10012865016