Why do we need pluralism in times of disruption? A practical guide

Author:Małgorzata Dereniowska. taken from: pp.10-12 of WEA Commentaries 10(4), December 2020https://www.worldeconomicsassociation.org/files/2020/12/Issue10-4.pdf Today we are going through a period of disruption due to the COVID-19 pandemic that impacts us individually and collectively in an unprecedented manner. Because we see how interconnected we are, the sense of unity, solidarity in time of crisis is necessary. So why… Read More Why do we need pluralism in times of disruption? A practical guide

Scientist qua scientist, scientist qua citizen: Part I

That economics is a value-laden science is not a new idea. Most of the prominent economic thinkers were also philosophers, wary of moral and philosophical content of scientific assumptions, models, and theories. That economics needs philosophy, and the separation between these two cannot be maintained any longer, is gaining recognition, and has become a subject… Read More Scientist qua scientist, scientist qua citizen: Part I

Financial Power and Liquid Modernity (in Memoriam of Zygmunt Bauman)

Globalization has been associated to a new financial regime and great transformations in the pattern of economic growth. In the last decades,  financial capital  has exercised control over the structural forms necessary for the continuing cycles of valorisation of productive capital, thanks to the centralized money at  disposal. Indeed, a trend of high expansion of financial… Read More Financial Power and Liquid Modernity (in Memoriam of Zygmunt Bauman)

The Misconceived Project of Social Science

Introduction and Motivation The deeply and fundamentally flawed nature of modern economic theory arises from two problems. The root cause is a fundamental misconception about the nature of methodology. The secondary cause is major mistakes in the application of this wrong methodology. The second flaw can be fixed by replacing the axioms and the methods… Read More The Misconceived Project of Social Science