A New Concept of Economics and Finance in the New Normal Period

Abstract

Under the influence of the COVID-19 pandemic, the world got closed and the people fell into their homes. It is understood that we are on the eve of a significant change and transformation. It seems that nothing seems to be the same as in the past. Plague pandemic had an important effect on the emergence of modern capitalism in Europe. Moreover the modern capitalist system, which emerged again in Europe and with an outbreak of plague pandemic to America, had an important effect on the European’s dominance of the transoceanic regions. Of course, viruses and pandemic alone did not provide this change and transformation. The accumulated energy in the system can be one of the most important factors that trigger great change with such outbreaks.

Today, it can be said that we are on the eve of a new change and transformation with the effect of many energies accumulated in the system. There are serious unsustainable imbalances in the world economy during the present times. COVID-19 appeared in such a period. On the one hand, there are those who consider COVID-19 as a pandemic created by mankind, and on the other hand, there are those who claim that we are in a new process of change and transformation with the effect of this pandemic. The author of these lines believes that we are already at an important point of change and transformation with the energy that the world economy and system has accumulated over the years, and he also considers that COVID-19 is one of the most important factors that will accelerate this change and transformation.