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    STUDIA EUROPAEA - Issue no. 3 / 2009  
         
  Article:   THE ECONOMIC CRISIS, CAUSES AND CULTURAL CONSEQUENCES – AN AMERICAN PERSPECTIVE.

Authors:  MARIUS JUCAN. 		 
       
         
  Abstract:  The outbreak of the economic crisis in the United States brought along besides specific controversies regarding the future of capitalist economy an intellectual debate on the interconditioning relations between economy and the political and moral values compounding the cultural behavior of the (post)modern man. Within this perspective, the present paper attempts at bringing into focus the relevance of culture generally and of cultural habitus, specifically, in three great economists’ perspectives on the civilizational implications of economic policies. The progress of the Western world has been for centuries endorsed by the fruits of market economy, though ecomonic crises were recurrent, reaping their nefarious harvests of material and spiritual values. Apart from the failed utopia of the communist planned economic, could the impetus of present‐day economy be harnessed by egaliataran criteria? Or helped to enhance human creativity and provide wealth by putting to work meritocratic criteria in economic policies?

Key words: United States, crise, culture, Barack Obama. 		 
         
     
         
         
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