The Global Financial Crisis and the Role of War and Its Characterization as Solutions "the Objective Roots and the Legal Possibility of the Crisis in Economic Thought"

Authors

• Abdul Jabbar Mahmoud Fattah, Department of Economy, College of Administration and Economics, University of Baghdad, Iraq

Abstract

This paper examination of the "objective roots" of the crisis, tracing how legal and economic frameworks within various schools of thought have historically addressed—or failed to mitigate—systemic failures. A significant and provocative aspect of the study is its analysis of the relationship between economic crises and war. It scrutinizes the historical tendency to characterize conflict or military expansion as a "solution" to economic stagnation or collapse, examining the ethical and legal implications of such perspectives. By synthesizing economic theory with legal analysis, the author aims to provide a comprehensive understanding of the mechanisms that lead to global financial volatility. The paper concludes by emphasizing the need for a shift in economic policy and international legal standards to address the fundamental causes of crises, rather than relying on destructive external interventions like war to rebalance global markets.

DOI

10.33095/jeas.v15i56.1259

Article Type

Article

Subject Area

Economics

First Page

101

Last Page

118

Recommended Citation

Fattah, A. M. (2009). The Global Financial Crisis and the Role of War and Its Characterization as Solutions "the Objective Roots and the Legal Possibility of the Crisis in Economic Thought". Journal of Economics and Administrative Sciences, 15(56), 101-118. https://doi.org/10.33095/jeas.v15i56.1259