Teleki, Bálint (2019) From the Sanhedrin to Foreign Currency Loans in Hungary. Cases of Groupthink from History. POLGÁRI SZEMLE: GAZDASÁGI ÉS TÁRSADALMI FOLYÓIRAT, 15 (Spec). pp. 463-472. ISSN 1786-6553
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Abstract
The term ‘groupthink’, coined by Irving L. Janis in 1972 is a phenomenon that is one of the worst factors distorting decisions. Groupthink evolves under peculiar antecedent conditions (or pre-requisites) and shows specific symptoms when in action. In this article, these conditions and symptoms are reviewed, examples are given from global history to demonstrate its adverse impacts and the management of the phenomenon is illustrated by positive examples. Then an attempt is made at proving that the rise and fall of foreign currency lending, perhaps the largest economic disaster in post-communist Hungary, can be traced back to the phenomenon called groupthink.
| Item Type: | Article |
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| Uncontrolled Keywords: | corporate governance, diversity, foreign currency lending, groupthink, Hungary, Sanhedrin of Israel |
| Subjects: | H Social Sciences / társadalomtudományok > H Social Sciences (General) / társadalomtudomány általában H Social Sciences / társadalomtudományok > HM Sociology / társadalomkutatás > HM5 Social psychology / szociálpszichológia |
| Depositing User: | Andrea Paár |
| Date Deposited: | 11 Aug 2020 09:54 |
| Last Modified: | 03 Apr 2023 06:53 |
| URI: | http://real.mtak.hu/id/eprint/112048 |
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