Bodo Herzog,

Department of Economics,

ESB Business School, Reutlingen Research Institute (RRI),

Institute of Finance & Economics, Reutlingen University,

Reutlingen, Germany,

bodo.herzog@reutlingen- university.de

Interdisciplinary Analysis of Luhmann‘s Sociological Theory on the Euro-Crisis

ABSTRACT. This paper establishes a unique linkage between economic and sociological theories. I study the root causes of the euro crisis from both perspectives. I find that resolving the euro crisis requires economic and sociological insights, particularly in respect to the design of European institutions, rules, and regulations. I develop a new paradigm in attempt to tackle the euro crisis. This paper demonstrates the importance of an interdisciplinary dialogue and how this may safeguard the future of the Economic and Monetary Union.

Received: March, 2015

1st Revision: June, 2015 Accepted:  August, 2015

DOI:10.14254/2071- 789X.2015/8-2/8

JEL Classification: G12; E65; C58

Keywords: Euro-Crisis,       Luhmann’s      Social  Systems Theory, Economics.