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Literature review - Essay Example

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ropology significantly involves the analysis of evidence with the objective of bringing out the information in the light and thus making a strange subject more understandable and clear. The author, therefore, sought to clarify the subject of the financial crisis in the world. Financial crisis is the problem that occurred within the financial markets. The crisis was as a result of the failure of the market mechanisms, therefore, causing a great hindrance to the efficiency of the whole system.1 The article highlights that the problems faced in the distribution of resources are majorly attributed to the players in the financial systems.
The article provides the solutions to the financial crisis. Transparency, elimination of personal greed by the financial advisors and enhancement of the regulations of the financial system are the suggested solutions to the problem.2 Lack of transparency in the real value of assets has led to fraud and encouraged use of underhand methods thus contributing majorly to the crisis. The advisors of the investors are paid to handle money that is not their own, thus are less responsible. Such advisors put the funds at great risk as they take very high risks that have a very high probability of being detrimental to the investors.
The author’s main argument lies on the causes of the financial crisis. He argues that the financial crisis is as a result of the inefficiencies that exist in the markets. Such inefficiencies are to a great extent caused by the personnel in the industry. He argues that the rapid growth of the credit derivative market has significantly led to a lack of proper regulations to govern the system. Moreover, the personnel in the financial market only work to fulfill their personal goals. Their personal interests override the description of their jobs. The author argues that the solution to the problem lies in solving the above-mentioned inefficiencies.
The article is interesting as it brings out clearly matters that were ...Show more
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Summary

Horacio Ortiz is the author of the article which has been obtained from the Handbook of economic anthropology. The handbook is the second edition and was published in year 2012. James G. Carrier is the…
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