3.3 A sociological perspective on the global financial crisis
In the following video, Dr Peter Redman discusses the potential ways in which someone might attempt to make sense of the global financial crisis from a sociological perspective.
Spend some time watching the video, and then try to summarise what you think the defining features of a sociological approach might be in the text box below.
Transcript: Video 8
While the global financial crisis provides a diverse range of potential objects of interest for sociologists, a sociologist of organisations might be interested in exploring the internal structure and organisation of large investment banks such as Lehman Brothers, which collapsed during the crisis. Sociologists might attempt to shine a spotlight on the social relations between those working within such organisations, and the general working culture that shaped employees’ attitudes and behaviours.