The pandemic exposed almost all the social, planetary, economic, political, military, technological and geopolitical cracks, deepening into canyons of polarisation. In short, it is as much an intellectual or mindset crisis as it is a social, political, economic or financial crisis. We cannot implement “rational” economic and social policies because there are huge emotional factors like race, religion, gender, class and regional issues that are rationally irrational. My diagnosis of post-pandemic economics is to think about economics as a complete system that comprises at least four major components:1. The pandemic has shown that all four aspects of economics play important roles in our next policy framework.
