Being and Care in Organisation and Management — A Heideggerian Interpretation of the Global Financial Crisis of 2008

Philosophy of Management 13 (1):5-20 (2014)
Download Edit this record How to cite View on PhilPapers
Abstract
We propose to understand the global financial crisis of 2008 as an historical event marked by public decisions, economic evaluations and ratings, and business practices driven by a sense of subjugation to powerful others, uncritical conformity to serendipitous rules, and a levelling down of all meaningful differences. The crisis has also revealed two important things: that the free-market economy has inherent problems highlighting the limits of business, and, consequently, that the business organisation is not as strong as is usually assumed. We reconstruct some of the most dramatic events of that time by using the narratives of two former Lehman Brothers insiders. We then provide an interpretation of that world by using Heidegger’s notions of being and care. Our investigation uncovers persistent inauthentic relationships nourished by the public structure of the financial market, which, drawing on Heidegger, we call the they. In the financial market the what of the world becomes more important than authentic being and self. But a hitch-free switch to authenticity becomes possible through anxiety and the call of conscience
Categories
ISBN(s)
PhilPapers/Archive ID
BETBAC
Upload history
Archival date: 2016-02-27
View other versions
Added to PP index
2015-02-06

Total views
223 ( #23,862 of 57,113 )

Recent downloads (6 months)
32 ( #23,946 of 57,113 )

How can I increase my downloads?

Downloads since first upload
This graph includes both downloads from PhilArchive and clicks on external links on PhilPapers.