Sunday, February 01, 2009

The Cultural and Social Effects of Recessions

When all is said and done, something terrible has happened in the United States economy, and no one should wish for such an event. But a deeper look at the downturn, and the social changes it is bringing, shows a more complex picture.

In addition to trying to get out of the recession — our first priority — many of us will be making do with less and relying more on ourselves and our families. The social changes may well be the next big story of this recession.

~George Mason economist Tyler Cowen in the NY Times


At 2/01/2009 2:01 PM, Anonymous Anonymous said...

Personally, I'm hoping for a drop in the divorce rate, as couples stick together for the sake of their finances. Pity they (apparently) couldn't stick together for the sake of the kids.)


At 2/02/2009 12:41 PM, Blogger misterjosh said...

Don't divorces happen for a reason? how does making people stay miserable have any utility?


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