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Time for a brand new financial mannequin | O Jornal Económico – Portugal

The neoclassical mannequin that also dominates financial idea at this time is unsuited to fixing issues similar 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 have to be immutable and definitive. Identical to different fashions earlier than it, and similar to every thing that’s human, the neoclassical mannequin will finally 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 key worldwide financial journals, which are likely to reject articles that search to free themselves from neoclassical orthodoxy.”


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