Short-Term Thinking
Short-Term Thinking
This chapter asks whether the financial crisis was due to the rise of short-term thinking in politics. The author shows how political actors as diverse as Alan Greenspan and President Obama point to “short-term thinking” as endemic to the crash. The story these commentators tell is one of short-term interests overwhelming more rational analysis. The idea that short-term thinking is the culprit in such crises has become a cliché. There are, however, short-term interests that are important. For Custer, the rhetorical preference for long-term interests has a political and ideological underpinning that must be resisted.
Keywords: Short Term Thinking, Hannah Arendt, Alan Greenspan, Adam Smith, Free Market Economics, President Obama, Max Weber, Emile Zola, Adam Smith
Fordham Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.
Please, subscribe or login to access full text content.
If you think you should have access to this title, please contact your librarian.
To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us .
