Author:
James K. Galbraith, The Lyndon B. Johnson School of Public Affairs at the University of Texas at Austin (Texas, USA)
Abstract:
The author focuses on the differences in economic systems between countries with balanced and sustainable industrial systems and countries with fragile systems in his study. These differences are under analysis from the perspective of assessment: planning system, wants, globalization, the COVID-19 pandemic and the related crisis. Lastly, the author concludes that countries that have not made the transition to advanced systems of financial relations have been the most successful in maintaining the viability of their economies against the backdrop of a global pandemic.
Keywords: noonomy, simulacrums, production, globalization, supply and demand, pandemic, world crisis.
For citation: Galbraith J. K. (2022). Noonomy, globalization and the pandemic. Noonomy and Noosociety. Almanac of Scientific Works of the S.Y. Witte INID, vol. 1, no. 1, pp. 86–95. DOI: 10.37930/2782-618X-2022-1-1-86-95.