... The New Paradigm for Financial Markets and applied the theory to the present moment in history With the passage of time, I overcame my reluctance to part with the concept of reflexivity, and the ... Page 20 The New Paradigm for Financial Markets hall, looking down on the audience from a cathedra that towered high above the auditorium I felt inspired by the setting to make an ex cathedra statement, ... attributed to the fact that the international financial system has been developed on the basis of that paradigm The new paradigm I am proposing is not confined to the financial markets It deals with the relationship...