IDEAS home Printed from https://ideas.repec.org/p/hal/journl/hal-02419077.html
   My bibliography  Save this paper

Potential Growth: Economic Policy in the Kingdom of the Blind
[Croissance potentielle : la politique économique au royaume des aveugles ?]

Author

Listed:
  • Jacques Le Cacheux

    (CATT - Centre d'Analyse Théorique et de Traitement des données économiques - UPPA - Université de Pau et des Pays de l'Adour)

Abstract

The 2009 crisis has shed a crude light on the deep shortcomings of standardmacroeconomic theory and of its representation of the workings of macroeconomicpolicy. The analytical framework in which most macroeconomists reason,the one that guides national, European, and international institutions' orientations,is intrinsically unable to deliver insights on the structural evolutions of economiesthat are massively intertwined with finance and in perpetual technological change.The key concepts on which this framework is built lead to the choice of indicatorsthat generate misleading signals. Standard macroeconomic aggregates guidingeconomic policies have been losing their meaning, but continue to be relied uponwhen forming a diagnosis on national economies. Rebuilding macroeconomictheory on new foundations is urgent; but the avenues that are currently beingexplored are far from providing adequate answers.

Suggested Citation

  • Jacques Le Cacheux, 2017. "Potential Growth: Economic Policy in the Kingdom of the Blind [Croissance potentielle : la politique économique au royaume des aveugles ?]," Post-Print hal-02419077, HAL.
  • Handle: RePEc:hal:journl:hal-02419077
    DOI: 10.3917/reco.hs02.0029
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    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:hal:journl:hal-02419077. 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: CCSD (email available below). General contact details of provider: https://hal.archives-ouvertes.fr/ .

    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.