Toward a New Paradigm of Economics

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.