No Body to Kick,No Soul to Damn: Responsibility and Accountability for the Financial Crisis (2007–2010) |
| |
Authors: | Olivia Nicol |
| |
Institution: | 1.European University Institute (EUI),San Domenico di Fiesole,Italy;2.Singapore University of Technology and Design (SUTD),Singapore,Singapore |
| |
Abstract: | This article takes the 2008–2010 financial crisis as a case study to explore the tension between responsibility and accountability in complex crises. I analyze the patterns of attribution and assumption of responsibility of thirty-three bankers in Wall Street, interviewed from fall 2008 to summer 2010. First, I show that responsibility for complex failures cannot be easily attributed or assumed: responsibility becomes diluted within the collective. Actors can only assume collective responsibility, recognizing that they belong to an institution at fault. Second, I show that blaming is a social process that should be examined contextually, relationally, and dynamically. I build on sociological theories to depart from the normative focus of philosophers, and the cognitive focus of psychologists, who have dominated the study of responsibility so far. |
| |
Keywords: | |
本文献已被 SpringerLink 等数据库收录! |
|