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World economy, economics and economic policy: what emerges after the crisis?

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  • Sherstnev, Mikhail
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    Abstract

    The paper analyzes the current discussions on the state of economics with special focus on the interrelationships between key ideas of economic theories and real actions of economic policy in the course of the global economic crisis. The global economic crisis showed the limited ability of mainstream in economics to service the economic practice, and, therefore, the attention of researchers and economic policy-makers was drawn again to some alternative views in economics.

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    File URL: http://mpra.ub.uni-muenchen.de/49019/
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    Bibliographic Info

    Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 49019.

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    Date of creation: 11 Aug 2013
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    Handle: RePEc:pra:mprapa:49019

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    Keywords: Economics; economic crisis; economic policy.;

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    1. David Colander & Hans Föllmer & Armin Haas & Michael Goldberg & Katarina Juselius & Alan Kirman & Thomas Lux & Brigitte Sloth, 2009. "The Financial Crisis and the Systemic Failure of Academic Economics," Middlebury College Working Paper Series 0901, Middlebury College, Department of Economics.
    2. Phelps Edmund S., 2009. "Refounding Capitalism," Capitalism and Society, De Gruyter, vol. 4(3), pages 1-12, December.
    3. Stiglitz, Joseph & Ocampo, Jose Antonio & Spiegel, Shari & Ffrench-Davis, Ricardo & Nayyar, Deepak, 2006. "Stability with Growth: Macroeconomics, Liberalization and Development," OUP Catalogue, Oxford University Press, number 9780199288144.
    4. Christopher Adam & David Vines, 2009. "Remaking macroeconomic policy after the global financial crisis: a balance-sheet approach," Oxford Review of Economic Policy, Oxford University Press, vol. 25(4), pages 507-552, Winter.
    5. Michael Woodford, 2010. "Financial Intermediation and Macroeconomic Analysis," Journal of Economic Perspectives, American Economic Association, vol. 24(4), pages 21-44, Fall.
    6. Lee E. Ohanian, 2010. "The Economic Crisis from a Neoclassical Perspective," Journal of Economic Perspectives, American Economic Association, vol. 24(4), pages 45-66, Fall.
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