On the Deeper Roots of the Modern Financial Crisis

On the Deeper Roots of the Modern Financial Crisis

Sergeev V.M.,

Dr. Sci. (Hist.), Professor, Principal Researcher, Institute for International Studies, MGIMO University, Moscow, Russia, victor04076831@mail.ru

elibrary_id: 1447 |

For citation:

Sergeev V.M. On the Deeper Roots of the Modern Financial Crisis . – Polis. Political Studies. 2009. No. 3. P. 47-53. (In Russ.)


The author considers the less investigated semiotic aspects of the crisis, first of all the semiotic function of money and its role in the political system and social order. The author approaches credit as a form faith. A real commodity is produced by borrowing money and through giving a receipt, and the credit is materialized in the certificate. The question arises of how much faith a given society may produce without inflicting damage on itself. This amount of faith is determined not only by economic, but also by non-economic factors. Among them, first, is the political system of society (above all its judicial system), able to secure the efficient return of debts. And, second, sociocultural parameters of society, that is the level of social responsibility of its members.

Content No. 3, 2009

See also:

Pastukhov V.B.,
The demon of law. Russian law as escaping reality. – Polis. Political Studies. 2011. No2

Petukhov R.V.,
The Russian Society’s Confidence in the Local Governments as a Problem. – Polis. Political Studies. 2017. No6

Latov Yu.V.,
Institutional Trust as a Social Capital in Modern Russia (on the Results of Monitoring). – Polis. Political Studies. 2021. No5

Nisnevich Yu.A.,
Countdown. – Polis. Political Studies. 2011. No6

Barsukova S.Yu.,
Enforceable Trust in the World of Social Networks. – Polis. Political Studies. 2001. No2



   2024      2023      2022      2021   
   2020      2019      2018      2017      2016   
   2015      2014      2013      2012      2011   
   2010      2009      2008      2007      2006   
   2005      2004      2003      2002      2001   
   2000      1999      1998      1997      1996   
   1995      1994      1993      1992      1991