Changing the Dominant Paradigm in Economics
This article addresses the discussion proposed by the World Academy of Art & Science (WAAS) about the need to build a new paradigm to confront the challenges of the global society and to move across to a New Society discussing specific problems related to economic globalization and proposing cha...
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Risk Institute, Trieste- Geneva
2015-10-01
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Series: | Cadmus |
Online Access: | http://cadmusjournal.org/article/volume-2/issue-5/changing-dominant-paradigm-economics |
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doaj-5d105f9c764f4ef0a5d8b7d058f207182020-11-24T23:42:41ZengRisk Institute, Trieste- GenevaCadmus2038-52422038-52502015-10-0125119133Changing the Dominant Paradigm in EconomicsMaria de Lourdes Mollo0Full Professor, Department of Economics, University of BrasíliaThis article addresses the discussion proposed by the World Academy of Art & Science (WAAS) about the need to build a new paradigm to confront the challenges of the global society and to move across to a New Society discussing specific problems related to economic globalization and proposing changes. The ways in which economic orthodoxy and heterodoxy analyze the role of the State and the question of sustainability of development and the problems of environmental sustainability depend on their different views or theoretical arguments about the role of the market. The article contrasts the mainstream economics arguments to support the free market context of globalization with Post-Keynesian and Marxist’s skeptical or critical views. Finally, it proposes some strategies to face the critical aspects analyzed making suggestions to move to another dominant economic paradigm.http://cadmusjournal.org/article/volume-2/issue-5/changing-dominant-paradigm-economics |
collection |
DOAJ |
language |
English |
format |
Article |
sources |
DOAJ |
author |
Maria de Lourdes Mollo |
spellingShingle |
Maria de Lourdes Mollo Changing the Dominant Paradigm in Economics Cadmus |
author_facet |
Maria de Lourdes Mollo |
author_sort |
Maria de Lourdes Mollo |
title |
Changing the Dominant Paradigm in Economics |
title_short |
Changing the Dominant Paradigm in Economics |
title_full |
Changing the Dominant Paradigm in Economics |
title_fullStr |
Changing the Dominant Paradigm in Economics |
title_full_unstemmed |
Changing the Dominant Paradigm in Economics |
title_sort |
changing the dominant paradigm in economics |
publisher |
Risk Institute, Trieste- Geneva |
series |
Cadmus |
issn |
2038-5242 2038-5250 |
publishDate |
2015-10-01 |
description |
This article addresses the discussion proposed by the World Academy of Art & Science (WAAS) about the need to build a new paradigm to confront the challenges of the global society and to move across to a New Society discussing specific problems related to economic globalization and proposing changes. The ways in which economic orthodoxy and heterodoxy analyze the role of the State and the question of sustainability of development and the problems of environmental sustainability depend on their different views or theoretical arguments about the role of the market. The article contrasts the mainstream economics arguments to support the free market context of globalization with Post-Keynesian and Marxist’s skeptical or critical views. Finally, it proposes some strategies to face the critical aspects analyzed making suggestions to move to another dominant economic paradigm. |
url |
http://cadmusjournal.org/article/volume-2/issue-5/changing-dominant-paradigm-economics |
work_keys_str_mv |
AT mariadelourdesmollo changingthedominantparadigmineconomics |
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1725503460171841536 |