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What COVID-19 demonstrates: on the limits of self-interested behaviour, capitalism, and the role of solidarity

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  • Lia Alexandra Baltador
  • Ioana Negru

Abstract

This paper raises systemic questions about capitalism and questions the role that self-interest played in the economy and society and also as a fundamental principle in the economics discipline. This article puts forward the possibility and importance of solidarity in building cohesion in our communities and helping the economic and social recovery globally. The authors advocate that economists should pay more attention to the economics of solidarity, a sub-discipline that can bring a paradigm shift in the way we conceptualise the individual behaviour in economics and could inform respectively the policy-makers on the significance of solidarity as a building stone for a future and better society.

Suggested Citation

  • Lia Alexandra Baltador & Ioana Negru, 2021. "What COVID-19 demonstrates: on the limits of self-interested behaviour, capitalism, and the role of solidarity," International Journal of Pluralism and Economics Education, Inderscience Enterprises Ltd, vol. 12(1), pages 50-54.
    • Handle: RePEc:ids:ijplur:v:12:y:2021:i:1:p:50-54
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