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Journal of Economic Interaction and Coordination
Published in: Journal of Economic Interaction and Coordination 1/2019

17-01-2019 | Editorial

Alternative approaches for the reformulation of economics

Authors: Simone Alfarano, Eva Camacho, Gabriele Tedeschi

Published in: Journal of Economic Interaction and Coordination | Issue 1/2019

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Excerpt

In the last decades most of advanced and developing economies have undertaken a deep structural transformation. This profound structural change, caused by the transition from a manufacturing economy to a service-based one, is among the causes of the current crisis (see Delli Gatti et al. 2012). The dereculation of the banking system with the consequent redirection of banking activity from the credit sector to the financial one,1 and the liberalization of financial markets, the globalization and the delocalisation of production with the resulting labor market flexibility are just some of the many transformations affecting the socio-economic system in the recent decades. …
next article Macroeconomic implications of mortgage loan requirements: an agent-based approach

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Footnotes
1
According to our view, banking activity in “credit market” indicates the loans granted to firms with production purposes. On the other hand, the activity in “financial market” refers more specifically to financial speculation in the stock market.
 
2
A discussion on how ESHIA has re-modeled the pillars of mainstream economics is beyond the scope of this work. A detailed analysis can be found in other studies (see, for instance, Kirman 2010; Bargigli and Tedeschi 2013, 2014).
 
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Metadata
Title
Alternative approaches for the reformulation of economics
Authors
Simone Alfarano
Eva Camacho
Gabriele Tedeschi
Publication date
17-01-2019
Publisher
Springer Berlin Heidelberg
Published in
Journal of Economic Interaction and Coordination / Issue 1/2019
Print ISSN: 1860-711X
Electronic ISSN: 1860-7128
DOI
https://doi.org/10.1007/s11403-019-00235-8

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