Global Coronavirus Pandemic Crisis and Future Crisis Prevention


  • Phillip Anthony O'Hara Global Political Economy Research Unit (GPERU), Australia


Coronavirus pandemic crisis; principles; political economy; historical specificity; heterogeneous groups & agents; circular & cumulative causation; contradiction; uncertainty.


This paper undertakes an interdisciplinary analysis of the global coronavirus crisis of 2020-21, its immediate aftermath and lessons learned, through the use of some core principles of institutional and evolutionary political economy. The principle of historical specificity and evolution (linked to uneven development) examines the background to the emergence of the crisis, plus its evolution and transformation through time. The principle of heterogeneous groups and agents scrutinizes the crisis through the various groups and individuals associated with gender, class, ethnicity, age and species. The principles of circular and cumulative causation (CCC) and contradiction investigate the multiple factors responsible for the crisis and how they interact in determining the depth and recovery from the crisis. The principle of uncertainty illustrates the changing expectations underlying the business climate and consumer confidence affecting socioeconomic performance, as well as current and future policies associated with health, regulation, budgets and money. A conclusion follows. 

Keywords: Coronavirus pandemic crisis, Principles, Political economy, Historical specificity, Heterogeneous groups and agents, Circular and cumulative causation, Contradiction, Uncertainty.

JEL: B52, E2, H0, I12, I18.


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Author Biography

Phillip Anthony O'Hara, Global Political Economy Research Unit (GPERU), Australia

Author Biography

[5 Dec 2017]

Phillip Anthony O’Hara has been Director of the Global Political Economy Research Unit (GPERU) since 1998; President of the Association for Evolutionary Economics (AFEE) 2012-14; Professor of Political Economy at Curtin University 1988-2012. He won the Myrdal Prize for book of the year (2002) and the Kapp Prize for article of the year (2011), from the European Association for Evolutionary Political Economy (EAEPE); plus Researcher of the Year (2000), Book of the Year (2007) and Refereed Journal Article of the Year (2010) from Curtin Business School. In 2015 he presented the Inaugural Fred Lee Memorial Lecture in Heterodox Economics at the University of New South Wales. He has published over a hundred articles in refereed journals and edited books; and 12 volumes of books and special issues of journals, including two multi-volume encyclopedias (one on political economy, the other on policy); and is Associate Editor of the Forum for Social Economics; and on the Editorial Boards of Panoeconomicus and the International Journal of Pluralism and Economics Education. He is currently completing a monograph on Principles of Institutional and Evolutionary Political Economy: Applied to Current World Problems.  Email:




How to Cite

O’Hara, P. A. (2021). Global Coronavirus Pandemic Crisis and Future Crisis Prevention. Panoeconomicus, 68(5), 587–623. Retrieved from



Original scientific paper