Thomas I. Palley: After the bust: The outlook for macroeconomics and macroeconomic policy

Zitierfï¿½higer Aufsatz aus ...

Thomas I. Palley

After the bust: The outlook for macroeconomics and macroeconomic policy

21 Seiten
3.70 EUR
(Oktober 2009)

Für eine Zahlung per Lastschrift oder Kreditkarte ist kein PayPal-Konto erforderlich!
Bei Problemen kontaktieren Sie uns bitte.

Ich bin mit den AGB, insbesondere § 8 (ausschließlich private Nutzung, keine Weitergabe an Dritte), einverstanden und erkenne an, dass meine Bestellung nicht widerrufen werden kann.

Downloadgröße: ca. 156 kb

In the chapter “After the bust: The outlook for macroeconomics and macroeconomic policy” Thomas I. Palley argues that the current economic crisis offers an historic opportunity for change. The depth of the crisis means there will likely be a policy turn in a Keynesian and even Post Keynesian direction. However, there are profound political, intellectual and sociological obstacles blocking change in underlying economic thinking, according to Palley. In particular, the economics profession and its ideology remain unreformed, with little indication of change regarding core understandings concerning labour markets, globalization, and the theory of the natural rate of unemployment. The only place where there is evidence of substantive intellectual change is attitudes toward financial regulation. These obstacles will mute the policy response to the crisis, and if a deep crisis is averted they will tend to encourage a return of the existing policies that have failed so disastrously, Palley concludes.

Ethik

Geschichte

Gesellschaft

Länder

Landwirtschaft & Ernährung

Ökonomie

Politik

Umwelt

Unternehmung

Wissenschaftstheorie