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The Cultural and Social Effects of Recessions
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Feb 01, 2009

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Dr. Mark J. Perry

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When all is said and done, something terrible has happened in the United States economy, and no one should wish for such an event. But a deeper look at the downturn, and the social changes it is bringing, shows a more complex picture.
In addition to trying to get out of the recession — our first priority — many of us will be making do with less and relying more on ourselves and our families. The social changes may well be the next big story of this recession.
~George Mason economist Tyler Cowen in the NY Times


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