IDEAS home Printed from https://ideas.repec.org/a/mes/jeciss/v55y2021i2p492-498.html
   My bibliography  Save this article

Foreshadowing Change? Theories, Policies, and COVID-19

Author

Listed:
  • Paolo Ramazzotti

Abstract

The COVID-19 crisis determined a forceful change in European policy. Despite the theoretical dominance of the mainstream, metrics other than prices were used to decide how to deal with issues such as provisioning, subsidies, and the financial measures they required. This change, which involved both policy makers and the general public, undermined the dominant view that price-centered coordination of the economy constrains socially relevant decisions. It suggests that neoliberal dominance is not robust either in terms of policy priorities or in the way it affects people’s behavior. It also suggests that what a proper economic policy requires is an economic theory that does not merely describe the institutional status quo but foresees its possible change.

Suggested Citation

  • Paolo Ramazzotti, 2021. "Foreshadowing Change? Theories, Policies, and COVID-19," Journal of Economic Issues, Taylor & Francis Journals, vol. 55(2), pages 492-498, April.
  • Handle: RePEc:mes:jeciss:v:55:y:2021:i:2:p:492-498
    DOI: 10.1080/00213624.2021.1909353
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/00213624.2021.1909353
    Download Restriction: Access to full text is restricted to subscribers.

    File URL: https://libkey.io/10.1080/00213624.2021.1909353?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:mes:jeciss:v:55:y:2021:i:2:p:492-498. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/MJEI20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.