The neoclassical mannequin that also dominates financial idea in the present day 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 assume that financial fashions should be immutable and definitive. Similar to different fashions earlier than it, and similar to all the pieces that’s human, the neoclassical mannequin will ultimately be tailored or changed. There are already indicators of assorted makes an attempt alongside these strains. However this evolution is being hampered by a monopoly over the foremost worldwide financial journals, which are inclined to reject articles that search to free themselves from neoclassical orthodoxy.”
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