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The crisis of economics

Author

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  • Jacques Fontanel

    (CESICE - Centre d'études sur la sécurité internationale et les coopérations européennes - UGA - Université Grenoble Alpes - IEPG - Sciences Po Grenoble - Institut d'études politiques de Grenoble - UGA - Université Grenoble Alpes)

Abstract

Economic science is an ideology that consecrates the omnipotence of the market economy, the police state and the management, often short-term, of an economy condemned to perpetual economic growth. With the Covid-19 pandemic, the analyses of liberal economists are losing their bearings, because the basic assumptions no longer have any concrete application in the face of a profound economic and social crisis. The economy now reveals its eminently political character. The international, national and local public sectors are organizing the fight against the crisis of the market economy. The State then becomes the central actor in the management of the national economy, in connection with the other States. The profoundly political and social character of a globalized economy highlights the violence of relations between states and citizens and often between states themselves. This situation of collective dependence is likely to create many tensions, which may lead to new conflicts or wars between states.

Suggested Citation

  • Jacques Fontanel, 2022. "The crisis of economics," Post-Print hal-03654544, HAL.
    • Handle: RePEc:hal:journl:hal-03654544
    Note: View the original document on HAL open archive server: https://hal.univ-grenoble-alpes.fr/hal-03654544
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    File URL: https://hal.univ-grenoble-alpes.fr/hal-03654544/document
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    References listed on IDEAS

    as
    1. Ron Smith & Jacques Fontanel, 2008. "International security, defence economics and the powers of nations," Post-Print hal-02091131, HAL.
    2. Jean-François Guilhaudis & Jacques Fontanel, 2019. "Les effets « pervers » de l’usage du PIB pour la décision politique et les relations internationales," Post-Print hal-02197761, HAL.
    3. Joseph E. Stiglitz & Amartya Sen & Jean-Paul Fitoussi, 2009. "The measurement of economic performance and social progress revisited," Documents de Travail de l'OFCE 2009-33, Observatoire Francais des Conjonctures Economiques (OFCE).
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