The crisis of economics

Jacques Fontanel ()
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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-UGA - Institut d'études politiques de Grenoble - UGA - Université Grenoble Alpes

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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.

Keywords: Military conflicts; Economic warfare; Social inequalities; Pandemic; Financial capitalism; Multinational firms; International organizations; Economics; Science économique; Organisations internationales; Firmes multinationales; Capitalisme financier; Pandémie; Inégalités sociales; Guerre économique; Conflits militaires (search for similar items in EconPapers)
Date: 2022-01-17
New Economics Papers: this item is included in nep-hme and nep-hpe
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Published in Peace and Defence Economics, Jan 2022, Grenoble, France

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