Vol. 7 (2020): Triggering a Change of the Economic Paradigm
Articles

Toward a New Paradigm of Economics

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  • Roderick O’Brien

Published 2020-12-01

How to Cite

O’Brien, R. (2020). Toward a New Paradigm of Economics. The Journal of the Macau Ricci Institute, 7, 145–150. Retrieved from https://journals.usj.edu.mo/index.php/mrijournal/article/view/115

Copyright (c) 2023 Roderick O’Brien

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This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

Abstract

Moving to the “New” and The Difficulty of Change
The English philosopher Iris Murdoch once wrote: “We can change what we are, but not quickly or easily, there is such a depth and density in what needs to be changed.” (Murdoch, 1993, p.325) The Macau Manifesto reminds us that economics is dynamic, and that individuals, organisations, and nations are constantly changing as economic actors. Observing this flux, we can overlook the reality that change is difficult, and that it iscostly at every level.

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