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No. 3 / 2026 — Autumn

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Theoretical and Applied Economics
No. 9 / 2008 (526)

The eschatology of fundamentalisms

„Market fundamentalism is no better than Marxist doctrine.
Both ideologies disguise themselves as sciences, in order to come out as acceptable,
but the theories they invoke do not hold to the reality test.”

George Sörös

The present global economic crisis - maybe the first to have radical consequences on the relevance of theories -questions the paradigms of a modernity obsessed with efficiency. All in all, through the fact that it depletes the arsenal of techniques for the reproducing of financial speculation, the crisis pulls the curtains over an economic cycle in which legitimizing the new has the exclusive function of the immediate financial gain.

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