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The Current Economic Paradigm in the Light of Financialisation Cover

The Current Economic Paradigm in the Light of Financialisation

Open Access
|Nov 2011

Abstract

The paper presents the direction of the mainstream economics paradigm shift and the evidence supporting the inadequacy of its several foundations. The author puts emphasis in particular on the aspects of financialisation in international markets and its impact on the current economic life. International commodity markets provide a good reflection of the effects of financialisation. Current price movements in these markets are determined to a large extent by the engagement of financial investors, which has serious implications to the practical aspect of the economy and contributes to the changes in the nature of several basic economic categories. These markets can be, therefore, considered a certain detailed case study illustrating the general theoretical problems analysed in the paper (directions of evolution of the current economic paradigm).

DOI: https://doi.org/10.2478/v10031-011-0009-y | Journal eISSN: 1898-0198 | Journal ISSN: 1730-4237
Language: English
Page range: 20 - 35
Published on: Nov 9, 2011
Published by: University of Szczecin
In partnership with: Paradigm Publishing Services
Publication frequency: 2 issues per year

© 2011 Jerzy Dudziński, published by University of Szczecin
This work is licensed under the Creative Commons License.

Volume 10 (2011): Issue 1 (January 2011)