The Financial Crisis and the Relationship Between States. Towards a Just and Stable Economic Order?

A theoretical discussion on the relationship between globalization and international norms and whether the economy could be reformed into a just and stable system. According to the neoliberal and structuralist rational choice theory, states try to maximize their own benefit, which in turn determines international norms. The constructivist model flags for a socially conditional rationality where these norms are based on ideas, values and cultures alone. A possible path to international institutional reform could be the United Nations whose economist and sociologists disused the market crisis as a system crisis. However, a real reform cannot take place before more powerful multinational institutions have been developed. L. Pitkaniemi