ISSN: 1870-1442

:: Number 31 (September - December 2018)


The present delivery of www.olafinanciera.unam.mx continues celebrating the decade of participating in the debate over the horizon that has been defining the financial sector in different geographies, perspectives, agents and especially in effects in the different economic, political, social, and cultural spaces. On this occasion several of the collaborators from various countries and continents reflect on several of the angles of the progress of the economy, as well as the relevance of the role played by the dominant discourse in the field of public policy implementation, and above all, the results. It is from this perspective that this number 31 of www.olafinanciera.unam.mx not only criticizes the process that has unleashed so-called financialization and of course the economists who have placed themselves at the service of this perspective, income-concentrating and destructive of the various fields of social life; but it also highlights the performance of the critical theoretical perspective of economists who have broken the siege of the mainstream. This is both from the perspective of the analysis of the economy and the theoretical discourse on which it is built. Thanks to this series of analytical efforts, it is possible to make an important turn, by proposing that reflection should take a perspective where society, or rather, the social, predominates over the abstract and often sterile theoretical conceptualization. These scholars, who have broken the barrier of dominant thinking, belong to different universities and research centers, and propose a reflection on the importance and urgency of thinking and implementing mechanisms that have an impact on reality, but with a focus on vulnerable sectors in every sense. Proposing principles that accommodate economic, social and political diversity and horizontality, and insisting that theoretical reflection should work toward public policies that generate a more just society.

From this perspective, their analysis leads to the urgency of structural transformations, not only through better regulation, but above all to detaining the world of finance as it has been formed and thus containing the negative impacts on the economy and its consequences on social life. But they go even further by stating that, given the importance of the functions of finance, the integral mechanism of the financial sector should be considered as a public good because of its impact on the economy, society and politics. And it therefore should not be left in the same hands that have speculated against society. In addition, given the proclivity and capacity of the financial sector for perpetual movement, it will not be enough to put national ring fences on it; processes of planetary regulation must be considered, as fragmented regulations in particular countries are no longer enough.

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OLA FINANCIERA, Vol. 11 No. 31,    September-December 2018, is a quarterly publication, with international arbitration, edited by Universidad Nacional Autónoma de México by Instituto de Investigaciones Económicas, Ciudad Universitaria, Circuito Mario de la Cueva s/n, Ciudad de la Investigación en Humanidades, Coyoacán, C.P. 04510, México, D.F. Tel.+52 (55) 5623-0131, and Faculty of Economics, Ciudad Universitaria, Circuito Interior s/n, Coyoacán, C.P. 04510, México, D.F., www.olafinanciera.unam.mx, ola.financiera.unam@gmail.com Editor in charge: Dr. Sergio Cabrera Morales. Reservation of Rights to Exclusive Use: 04-2013-050912324700-203, ISSN electronic: 1870-1442. Responsible for the last update of this issue, Ing. Jesús Garrido López, Circuito Mario de la Cueva s/n, Ciudad de la Investigación en Humanidades, Ciudad Universitaria, Coyoacán, C.P. 04510, México D.F. date of last modification, January 8, 2018.

The opinions expressed by the authors do not necessarily reflect the position of the editor of the publication.

Permission to reproduce all or part of the published texts is granted provided the source is cited in full including the web address. Otherwise, it requires prior written permission from the institution.