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Why the economy is hard to manage and how this could possibly be dealt with

Author

Listed:
  • Bertrand Wong

Abstract

This paper raises some points about the economy and economic policies, andpresents some possible economic solution, providing the stimulus for economic thought andimportantly action to forestall economic problems. The practicable economic policies suggestedin the paper would to some extent alleviate the serious economic problems of inflation,deflation, recessions, and unemployment, though it is also hoped that the suggestedeconomic policies could permanently eliminate these serious economic issues. The successfulimplementation of these economic policies would certainly lead to a better society, possiblywith inclusive and sustainable economic growth, employment, and decent work for all. JEL Classification: D91; E42; E52; E71.

Suggested Citation

  • Bertrand Wong, 2023. "Why the economy is hard to manage and how this could possibly be dealt with," Brazilian Journal of Political Economy, Center of Political Economy, vol. 43(3), pages 564-575.
    • Handle: RePEc:ekm:repojs:v:43:y:2023:i:3:p:564-575:id:2415
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    File URL: https://centrodeeconomiapolitica.org/repojs/index.php/journal/article/view/2415/2351
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    More about this item

    Keywords

    Recessions; inflation; deflation; unemployment; monetary policies;
    All these keywords.

    JEL classification:

    • D91 - Microeconomics - - Micro-Based Behavioral Economics - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making
    • E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Sytsems; Standards; Regimes; Government and the Monetary System
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • E71 - Macroeconomics and Monetary Economics - - Macro-Based Behavioral Economics - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on the Macro Economy

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