The neoclassical mannequin that also dominates financial concept right this moment is unsuited to fixing issues resembling 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 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 ultimately be tailored or changed. There are already indicators of assorted makes an attempt alongside these traces. However this evolution is being hampered by a monopoly over the most important worldwide financial journals, which are inclined to reject articles that search to free themselves from neoclassical orthodoxy.”
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