IDEAS home Printed from https://ideas.repec.org/a/elg/rokejn/v3y2015i1p63-76.html
   My bibliography  Save this article

Global crisis: a comprehensive interdisciplinary approach to paradigm change

Author

Listed:
  • Augusto Santos Silva

    (University of Oporto, Portugal)

Abstract

The global crisis is threefold. First, it is a financial and economic crisis, inducing hugely negative effects on growth, distribution, and welfare. Second, it severely damaged the mainstream in economics, particularly the theory of efficient financial markets and the theory of self-regulating markets. Third, it caused an ongoing fragility of conventional public policies to address socioeconomic issues. The scale of the global crisis demands nothing less than paradigm change. This change requires adopting an interdisciplinary triangle, in which economics dialogues productively with political science and international relations. The goal is a more pluralist and interdisciplinary theory of economic policies. In that spirit, the paper provides a critical analysis of the dominant narrative on globalization, and outlines an alternative, one that could favor more democratic and progressive policies, at both the national and international level.

Suggested Citation

  • Augusto Santos Silva, 2015. "Global crisis: a comprehensive interdisciplinary approach to paradigm change," Review of Keynesian Economics, Edward Elgar Publishing, vol. 3(1), pages 63-76, January.
  • Handle: RePEc:elg:rokejn:v:3:y:2015:i:1:p63-76
    as

    Download full text from publisher

    File URL: http://www.elgaronline.com/view/journals/roke/3-1/roke.2015.01.05.xml
    Download Restriction: Restricted access

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Augusto Santos Silva, 2016. "Como Pensar na Globalização? Contributo Sociológico para um Modelo de Análise Interdisciplinar," Notas Económicas, Faculty of Economics, University of Coimbra, issue 43, pages 07-20, June.

    More about this item

    Keywords

    globalization; economic policy; interdisciplinary;

    JEL classification:

    • F02 - International Economics - - General - - - International Economic Order and Integration
    • F59 - International Economics - - International Relations, National Security, and International Political Economy - - - Other

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:elg:rokejn:v:3:y:2015:i:1:p63-76. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Katie Smith). General contact details of provider: http://www.elgaronline.com/roke .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.