Description:
only absolutely normal but under certain circumstances beneficial. Is this also true for the ongoing financial crisis? It might be too soon to draw final conclusions, but financial crises show a great otential to encourage learning from the past and to foster socio-economic education. That’s not meant as a belittlement of the financial crisis, but should sharpen the mind to notice a primary dilemma of our economic system: Even though increasing credit facilities contributed to the economic prosperity during the last decades, the development of savings and debts should be in balance with the long-term productive capacity of society, economy and environment. The authors will review certain aspects and causes of the financial crisis under social und environmental constraints and will discuss possible long-term paths of development from an economic perspective. following this, didactical implications will be considered and feasible learning content will be discussed.