id	author	title	date	pages	extension	mime	words	sentences	flesch	summary	cache	txt
cord-030622-5wlpvmv4	Rubinić, Ivan	Pandemic paradigm shift	2020-08-03		.txt	text/plain	7835	309	36	To that end, through the use of a narrative method, this study aims to furnish content to the premise that from both the heterodox and radical economic viewpoints: (a) the coronavirus pandemic must be considered a market failure, (b) the ongoing pandemic has the potential to beget a three-layer economic crisis, starting at a point of production, (c) the solution for the existing state calls for sizable supranational and/or national economic interventionism, and (d) the pandemic necessitates a shift from the profit-centered neoliberal paradigm toward the society focused on efficient, sustainable, and equitable development. The remainder of this exposition is structured as follows: the Section 2 positions the current health crisis within the well-defined economic analytical framework of market failure; the Section 3 explains the nature and the dynamics of the threefold economic crises, resulting from the expected spillover effects induced by the coronavirus; the Section 4 offers a number of remedies; the Section 5 endeavors to locate the sources for financing the expenses of an effective pandemic response plan; the Section 6 provides arguments in support of the claim that the current state of affairs necessities a fundamental paradigm shift; the Section 7 concludes.	./cache/cord-030622-5wlpvmv4.txt	./txt/cord-030622-5wlpvmv4.txt