scholarly journals The Theory of Crisis after Crisis

2015 ◽  
Vol 52 (1) ◽  
pp. 1-12
Author(s):  
Igor Mladenović ◽  
Dragoslav Kitanović

AbstractThe global economic system and the world crisis are a reality, and hence the challenge for modern economic theory, which is to provide a valid response to its development and overcoming the crisis. The prevailing economic theory and methodology (neo-liberal paradigm) in this field demonstrates serious defects, so this paper attempts to show that the relative nature of economic theory is in expressing the social prejudices of its time. Demystification of the ideological and political foundations of what is today considered "objective knowledge" in the economy, is only possible with the affirmation of a new scientific methodology of economics, i.e. the new philosophy of economics. The aim of the paper is to stimulate thinking and different views on this subject.

2014 ◽  
Vol 3 (2) ◽  
pp. 35-47
Author(s):  
Calin Valsan

Standard economic theory assumes rational agents. Individuals are expected to have rational expectations and constantly optimize their choices. Modern economic and financial theory is build under the assumption of rationality. There is plenty of evidence from psychology, however, that individuals are biased and rely heavily on heuristics in order to make decisions. Yet, this is not a mere fluke, a behavioral oddity. Because the social and economic environment in which individuals evolve is complex, behavioral biases represent evolutionary adaptations allowing economic agents to deal with undecidability and computational irreducibility.


2021 ◽  
Vol 33 (3) ◽  
pp. 145-161
Author(s):  
Michaeline A Crichlow ◽  
Dirk Philipsen

This special issue composed of essays that brainstorm the triadic relationship between Covid-19, Race and the Markets, addresses the fundamentals of a world economic system that embeds market values within social and cultural lifeways. It penetrates deep into the insecurities and inequalities that have endured for several centuries, through liberalism for sure, and compounded ineluctably into these contemporary times. Market fundamentalism is thoroughly complicit with biopolitical sovereignty-its racializing socioeconomic projects, cheapens life given its obsessive focus on high growth, by any means necessary. If such precarity seemed normal even opaque to those privileged enough to reap the largess of capitalism and its political correlates, the onset of the Covid-19 pandemic with its infliction of sickness and death has exposed the social and economic dehiscence undergirding wealth in the U.S. especially, and the world at large. The essays remind us of these fissures, offering ways to unthink this devastating spiral of growth, and embrace an unadulterated care centered system; one that offers a more open and relational approach to life with the planet. Care, then becomes the pursuit of a re-existence without domination, and the general toxicity that has accompanied a regimen of high growth. The contributors to this volume, join the growing global appeal to turn back from this disaster, and rethink how we relate to ourselves, to our neighbors here and abroad, and to the non-humans in order to dwell harmoniously within socionature.


Author(s):  
Jeliastiva Jeliastiva ◽  
Farid Fachrurazi

The COVID-19 outbreak has had a serious impact on almost all countries in the world, including Indonesia. In response to this case, various policies began to emerge. Starting from the implementation of work from home, social distancing and physical distancing, until the implementation of large-scale social restrictions (PSBB). overseas investors are busy focusing their finances on the needs of their respective countries to fight the virus. Domestic investment (PMDN) is also predicted to experience a slowdown. The social distancing policy resulted in the community not being able to run the economic system well, especially in the Indonesian investment sector so that the perokoniman namely investment in Indonesia decreased and there were some delays in investment by other countries in Indonesia.


Author(s):  
Todd Oakley

Money is a human creation arising from organic, technological, and symbolic resources. The complexity of its operations makes it difficult to comprehend. The origins of money can be dated with some accuracy, but the social and symbolic processes that led to this world-changing invention are poorly understood. One of the most persistent misunderstandings that adversely affects modern economic thinking is that money emerged from barter. As will be discussed, the origins of money have more fundamental symbolic, social, and political foundations in statecraft, warfare, religion, and gift-giving. Moreover, money develops among beings capable of considerable flexibility in combining or “blending” ideas from diverse, sometimes incommensurate, domains of knowledge and experience, and specifically among a species for whom institutions—socially constructed habits of thought and action—are ontologically criterial. This chapter aims to provide a foundation for thinking about money as an institutional semiotic system. Topics covered include money and barter; sovereign money; money and gift-giving; money and violence; the money/language analogy; and international monetary exchanges.


Author(s):  
Nelu Mocanu

The purpose of any modern economic politics is to ensure the stability and economic growth. In order to achieve this goal, each economic agent models (builds) an individual economic strategy. The building of the actual economic model is influenced by many factors – political, geographical, national, and cultural. Today, by the notion of crisis, we understand an aggravation of the discrepancies of the social-economic system that threaten its stability. Specialist that deal with problems of crisis management claim that measures must be taken when the financial results of the enterprise become unsatisfactory, when symptoms of an unfavorable situation of the activity of enterprise appear. This chapter presents the economic-organizational analysis of the strategies applied in the anti-crisis management.


Author(s):  
Vladimir Gorev ◽  
Olga Djunina

Public relations have always been full of contradictions. The roots of these contradictions are in the system of economic relations. It is not a coincidence that it has always been the task of economics, first of all, to reveal the nature of economic relations and, secondly, to find ways to resolve the social contradictions caused by these relations. The evolution of economic theories reflects the search for ways of solving the problem. Economic theory has constantly experienced pressure of certain social groups at various stages of its development, that benefited from the historical realities developed at the given time. The interest of these social groups have almost always been limited to the desire to prove that the existing system of economic relations is not historically transient, but the eternal and the best possible one. Having excluded production from the system of economic relations, reducing the extent of production relations to market relations, modern economic theories do not go beyond vulgar political economy. The article deals with the problem of property and social inequality, as a factor that slows down economic growth in Russia, as well as the possibilities of modern theoretical concepts to explain the essence of the economic contradictions of the modern world. There have always been poverty and injustice in the world. But if the gap between the rich and the poor has diminished in the last century, the world has returned to its state on the eve of the First World War by the beginning of the 21st century, as far as the degree of inequality is concerned.


2021 ◽  
Vol 17 (2) ◽  
Author(s):  
Monika Golonka ◽  
Anna Rychlik

Most of the Social Entrepreneurship (SE) literature derives its theoretical assumptions from the field of entrepreneurship in general, and more broadly, from modern economic theory. However, some thinkers notice significant gaps in existing theory and try to conceptualise SE incorporating some missing elements. In this theoretical paper, we explain the origins of contemporary SE concepts, analyse the significant contemporary SE works of leading thinkers and their theoretical assumptions. We also specify major shortcomings in existing concepts and demonstrate the possibility of filling gaps by realism, especially Aristotle’s philosophy. His distinctive realist view of human beings, including entrepreneurs, and his broader view on economics allows us to understand the essential nature of entrepreneurship, providing unique insights regarding the intellectual-volitional faculties of the social entrepreneur.


2018 ◽  
Vol 212 ◽  
pp. 08026
Author(s):  
Olga Borisenko ◽  
Dmitry Sukharev ◽  
Marina Fomina ◽  
Nataly Kondakova

The article is devoted to the analysis of the problems of economic globalization in China and as a factor of cultural security. A philosophical analysis of the social aspect of China’s regional development. J. Sigurdson, like many researchers, analyzes economic, political factors, technological innovations, regional development programs of China. Our attention was drawn to the fact that he is one of the few Western researchers who analyze social problems. J. Sigurdson gives an analysis of Chinese society in the context of the development of technological systems. He notes that the creation of clusters, the use of new technologies contribute to the development of the social infrastructure of modern Chinese society. It is worth noting that his analysis is based on the historical information approach. In this case, we are not interested in ascertaining the facts presented by him, but in describing the role of innovation systems in the development of the social sphere of Chinese society. Thus, the relevance of this article is due to the need to analyze Western research on the social factor of regional changes in China. The entry into globalization processes and the perception of the economic opportunities of the modern world in China is refracted through traditional culture and allows not only to preserve its own values, but also to successfully adapt them to the realities of the present day on one hand and spread it outside on the other. China plays an important role in the modern economic development of the world. The main task of the Chinese strategy for the development of clusters was to ensure that the results met not only the economic development of the country, but also the rise of the social, cultural component. The Chinese government is aware of the depth of existing problems in society, and how we see new promising plans for the development of China’s economic system. In the artical, we allows us to view modern China not only as a simple element of the world economic system, but rather as one of the leading subjects of economic globalization, actively participating in the world economy and making a significant contribution to the development of the modern world. In our view, it is the integrity of the domestic political and foreign policy course of the country’s development that allowed the Chinese economy and culture to become a visible and important element of the world economy.


2022 ◽  
pp. 215-224
Author(s):  
Rafael Roca

The world crisis created by COVID-19 invites us to find some precedents to it by examining past periods and situations in which our society has suffered similar circumstances. In this regard, one of the periods that show more similarities from a social and sanitary perspective is the Valencia of the 19th century, where between 1834 and 1890 there were a total of nine cholera epidemics that resulted in dozens of deaths and determined the future development of one of the main regions of the old Crown of Aragon. The author analyzes the social and cultural impact of cholera in Valencia during the 19th century and especially in the intellectual and literary world.


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