The Psychological Recession
By: Judith M. Bardwick, Ph.D.
Published: November 16, 2010
Format: eBook, 24 pp
Publisher: New Word City, Inc.
"The Psychological Recession involves feeling insignificant and powerless, battling forces that are too unknown, too unpredictable, and too big for you to control", writes speaker and management consultant Judith M. Bardwick, Ph.D., in her insightful and inspirational book The Psychological Recession. The author describes how that sense of powerlessness leads to a feeling that hope is gone,trust and mutual respect disappear, mistrust of business and elected leaders follows, and solutions to problems become difficult to find.
Judith Bardwick recognizes that the economy has been slow to create jobs, that layoffs are widespread, and that people are feeling anger toward their employers and elected leaders. Outsourcing of jobs, loss of pension benefits, and a breakdown of mutual trust in the workplace, have combined to create fear and a sense that no one in leadership positions can be trusted any longer. The result is a cynical outlook on both business and government, and any solutions proposed to solve a myriad of pressing problems. High unemployment rates, fear of losing one's job, and a sense that the middle class is disappearing, lead people to believe that the system is failing, and that merit is no longer important. For Judith Bardwick, these fears are more based in feelings than in fact, and that this psychological recession can be overcome,and fresh solutions created to build a brighter future.
Judith M. Bardwick, Ph.D. (photo left) offers hope and the idea that problems can be solved through cooperation, mutual trust, and respect. The author considers this widespread feeling of powerlessness to be based more in needless fear than in reality. The author understands that people are driven more through emotion than rational behavior, and that these specific fears can be identified, isolated, and overcome. The strength of the American economy has always been its innovation, optimism, and can do attitude. For Judith Bardwick, the recent economic downturn was necessary to revive America's competitive advantages. With the recognition that the economy can and will make adjustments, renewed growth will happen as the social mood switches to optimism, energy, and innovation. For the author, a change in psychology will transform the economy from the doldrums to a fresh period of growth and optimism.
For me, the power of the book is how Judith M. Bardwick, Ph.D. packs so much information and insightful thought into a compact ebook, that is both concise and refreshing to read. Instead of surrendering to the animal spirits of doom, gloom, and fear, and their resulting lack of trust, respect, and growing cynicism, the author presents an alternative view of the economy. If negative emotions can lead to and deepen an economic downturn, then an optimistic outlook can result in economic growth. The author removes the fear, and empowers the reader, providing reasons for reviving innovation and a strong and vibrant economy.
I highly recommend the concise and empowering book The Psychological Recession by Judith M. Bardwick, Ph.D., to anyone seeking an alternative voice to those of despair, mistrust, and cynicism. The author provides evidence that despair and fear can transform to joy and optimism, resulting in an economic turnaround, business growth, and a revitalized middle class.
Read the insightful and psychology based book The Psychological Recession by Judith M. Bardwick, Ph.D., and discover that the current recession is just as much of the mind as it is of the economy. The author points out that when the recent economic problems have been remedied, there is room for renewed hope, vision, and a strong and growing economy.
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