International Journal of Development in Social Sciences and Humanities

What can a social researcher add to our comprehension of that world-shaking occasion, the breakdown of the American monetary framework, that happened in 2008 and has since transformed into a financial and political emergency of worldwide measurements? No one anticipates that a sociologist should offer pragmatic counsel on the most proficient method to fix the harm and forestall comparative debacles later on: what "stress tests" to apply to banks; what capital stores to expect them to hold; or regardless of whether to make and how to plan a bailout system for bankrupt states having a place with a cash association. In one sense, obviously, this is un-lucky as there are clearly no counselling charges to gather here. Then again, in any case, deplorable as this might be, it might really be a benefit as it makes it pointless for sociologists or political specialists to accept, or claim to accept, that on a fundamental level basically there exists a fix for the issue and that one just necessity to discover it.