NEW CHALLENGES OF ECONOMIC SCIENCE UNDER THE COVID-19 PANDEMIC
Abstract
The paper examines the most pressing problems facing economics in the context of the economic crisis caused by the COVID-19 pandemic. Due to the atypical nature of this crisis, the knowledge accumulated by economic science about the economy under the conditions of a typical crisis or an atypical economic crisis is in many cases practically unusable, primarily due to the fact that in the context of the COVID-19 pandemic, the economy is a hostage of medicine. Many problems known by economic science both during the course of the noted crisis and in the post-crisis period require new approaches to resolve them.
References
Abesadze R., (2020). Globalization and the Economic Problems of the Pandemic. Ekonomisti, No. 2.
Ahearne A. G., Shinada N., 2005. Zombie Firms and Economic Stagnation in Japan. International Economics and Economic Policy, Vol. 2, No. 4.
Alwis A. de., 2020. Coronomics – Plan Your Eggs and the Basket! Daily FT, February 25, <http://www.ft.lk/columns/Coronomics-%E2%80%93-Plan-your-eggs-and-the-basket-/4-695109>.
. . .
Papava V., 2010. Economy of the Post-Communist Capitalism under the Financial Crisis. Studies in Economics and Finance, Vol. 27, No. 2.
Papava V., 2018. The Economics in Crisis and the Main Directions for Transformation of Economic Science. Transformations, No. 3-4 (98-99).
Papava V., 2020a. Coronomic Crisis: When The Economy Is A Hostage To Medicine. Eurasia Review, March 29, <https://www.eurasiareview.com/29032020-coronomic-crisis-when-the-economy-is-a-hostage-to-medicine-oped/>.
Papava V., 2020b. Features of the Economic Crisis Under the COVID-19 Pandemic and the Threat of the Zombie-ing of the Economy. Bulletin of the Georgian National Academy of Sciences, Vol. 14, No. 3, No. 2.
Papava V., 2020c. Georgia’s European Way During the Period of Pandemic Deglobalization. Rondeli Blog, August 6, <https://www.gfsis.org/blog/view/1091>.
Papava V., 2020d. Is The Vaccine A Panacea? Eurasia Review, September 30, <https://www.eurasiareview.com/30092020-is-the-vaccine-a-panacea-oped/?fbclid=IwAR0A1A6aQRGpC-6SfhcjjtneRU34HGm920joNgHsnZMIO4raEsLWO8l5Jrs>.
Papava V., Charaia V., 2019. On Complex Inflation Targeting and Modified Inflation Indicators (Experience of Georgia). Finance: Theory and Practice, Vol 23, No 3, <https://financetp.fa.ru/jour/article/view/855/575>.
Pilkington P., 2016. The Reformation in Economics. A Deconstruction and Reconstruction of Economic Theory. London, The Palgrave Macmillan.