Philosophy of Management

Volume 11, Issue 1, 2012

Philosophical Lessons from the Global Financial Crisis

Rod Thomas
Pages 5-24

The ‘Credit Crunch’ from a Critical Rationalist Perspective

Uses Sir Karl Popper’s philosophy of critical rationalism to examine the discussion of the UK ‘credit crunch’ as presented by the public record of the UK House of Commons Treasury Select Committee’s investigation. Identifies various philosophical doctrines that acted to shape that investigation and the testimony presented before it. Presents those doctrines as prejudicial to the advancement of knowledge, learning and rationality. Concludes that the philosophy of critical rationalism is relevant to the problems of modern society.