Construct · 4 fields · 9 citations

Where does crisis collide?

One name. Different field. Different construct. One map.

● jingle · one word, four constructs Nearest construct by meaningidentitycompare the meanings
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Every construct on the map is compared with every other by the meaning of its definitions, and the closest one is surfaced here. The nearest construct to crisis is identity.

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crisis4 CONSTRUCTSFinancial crisisJUGLAR · COMMERCIAL CRISISIdentity crisisERIKSON · IDENTITY CRISISAttractor crisisGREBOGI · ATTRACTOR JUMPCrisisHOBSBAWM · HISTORY

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1862Financial crisis1950Identity crisis1954Crisis1982Attractor crisis
2026

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Economics and finance

Systemic breakdown of financial markets

Clement Juglar's 1862 study Des crises commerciales treated a crisis as a recurring phase of commercial and financial life, the point at which credit contracts, asset prices fall, and firms and banks fail in sequence. Hyman Minsky's 1986 Stabilizing an Unstable Economy recast this as endogenous financial instability, and Diamond and Dybvig's 1983 model showed how a self-fulfilling bank run can tip an otherwise solvent system into collapse. The referent is a systemic breakdown across an economy's financial institutions, tracked by output, credit, and asset-price data, and it is distinct from a turning point in one patient's illness, a stage of personal identity, or a change in an abstract attractor.[1][2][3]

Unit
One episode of systemic financial breakdown in an economy
Recovery means
Followed by recession and eventual recovery as credit and balance sheets are repaired
Measured by
Dated and gauged by output, credit growth, bank failures, and asset-price declines

Developmental psychology

A developmental turning point in identity

Erik Erikson introduced the idea of a psychosocial crisis in Childhood and Society (1950) and developed it for adolescence in Identity: Youth and Crisis (1968): a normal developmental period of tension in which a person works out who they are before settling on an identity. James Marcia's 1966 work made this measurable by classifying young people into identity statuses according to how far they had explored and committed to roles and values. The referent is an extended phase in the growth of a single person, assessed through interviews and questionnaires, and it has nothing to do with a fever's turning point, a market collapse, or a discontinuity in a dynamical system.[4][5][6]

Unit
One developmental period in a single person's formation of identity
Recovery means
Resolved by settling on a committed identity rather than staying in role confusion
Measured by
Assessed by interviews and questionnaires that rate exploration and commitment, as in identity-status coding

Nonlinear dynamics

Sudden change in a chaotic attractor

Grebogi, Ott, and Yorke coined crisis as a technical term in nonlinear dynamics in Chaotic Attractors in Crisis (1982) and set it out fully in their 1983 paper in Physica D: a crisis is a sudden, qualitative change in a chaotic attractor that happens when the attractor collides with an unstable periodic orbit as a control parameter is varied. At such a point the long-run behavior of the system can appear, vanish, or abruptly grow in size. The referent is a discrete event in the mathematics of a dynamical system, located by a parameter value, and it is unrelated to a sick patient's turning point, a financial collapse, or a stage of human identity.[7][8]

Unit
One qualitative change in a chaotic attractor at a critical parameter value
Recovery means
Not applicable
Measured by
Located in bifurcation studies by varying a parameter and tracking the attractor's size or existence

History

the general crisis of the seventeenth century, the idea that Europe's economy passed through a wide crisis on the way to capitalism.

In history, crisis refers to the general crisis of the seventeenth century, the idea that Europe's economy passed through a wide crisis on the way to capitalism. This meaning comes from Hobsbawm (1954) in Past and Present.[9]

Unit
Recovery means
Measured by

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Nearby collisions

identity6 fields · 14 citationsjingle · one name, six constructsattractor2 fields · 3 citationsjingle · one word, two constructsbifurcation3 fields · 5 citationsjingle · one word, three constructs

References

  1. Juglar, C. (1862). Des crises commerciales et de leur retour periodique en France, en Angleterre et aux Etats-Unis. Paris: Guillaumin.
  2. Minsky, H. P. (1986). Stabilizing an unstable economy. New Haven, CT: Yale University Press. ISBN 9780300033861
  3. Diamond, D. W., & Dybvig, P. H. (1983). Bank runs, deposit insurance, and liquidity. Journal of Political Economy, 91(3), 401–419. https://doi.org/10.1086/261155
  4. Erikson, E. H. (1950). Childhood and society. New York, NY: Norton.
  5. Erikson, E. H. (1968). Identity: Youth and crisis. New York, NY: Norton.
  6. Marcia, J. E. (1966). Development and validation of ego-identity status. Journal of Personality and Social Psychology, 3(5), 551–558. https://doi.org/10.1037/h0023281
  7. Grebogi, C., Ott, E., & Yorke, J. A. (1982). Chaotic attractors in crisis. Physical Review Letters, 48(22), 1507–1510. https://doi.org/10.1103/PhysRevLett.48.1507
  8. Grebogi, C., Ott, E., & Yorke, J. A. (1983). Crises, sudden changes in chaotic attractors, and transient chaos. Physica D: Nonlinear Phenomena, 7(1–3), 181–200. https://doi.org/10.1016/0167-2789(83)90126-4
  9. Hobsbawm, E. J. (1954). The General Crisis of the European Economy in the 17th Century. Past and Present, 5(1), 33-53. https://doi.org/10.1093/past/5.1.33

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