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Assuming private accountability | Jutarnji checklist – Croatia

The neoclassical mannequin that also dominates financial principle immediately is unsuited to fixing issues equivalent to local weather change and environmental destruction, writes physicist and local weather researcher Filipe Duarte Santos within the Jornal Económico:

“It is a mistake to suppose that financial fashions have to be immutable and definitive. Identical to different fashions earlier than it, and identical to every little thing that’s human, the neoclassical mannequin will finally be tailored or changed. There are already indicators of varied makes an attempt alongside these traces. However this evolution is being hampered by a monopoly over the key worldwide financial journals, which are inclined to reject articles that search to free themselves from neoclassical orthodoxy.”


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