ABSTRACT

This chapter presents the steps of researching leadership in as entertaining and clears a way as possible. It is a wide, rich field but not the springboard that the people will begin with. For most leadership scholars familiar with empiricist management science focused studies, critical realism subsequently offers a very natural fit and a logical choice. In reality, what Burry had done extremely efficiently was to take the empirical data pertaining to exploding adjustable rate mortgage expirations and apply it to current market conditions, and then provides a perfect case study of efficient human agency in his attempts to directly warn the Federal Reserve. Social science scholars could find value in applying Bourdieu's theory of social capital to explain orthodoxy and dogma in the Federal Reserve, while the monumental diffusion of fraud that extended throughout the mortgage lending industry as a result of government deregulation would offer another great case study.