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

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  • Sherstnev, Mikhail

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.

Suggested Citation

  • Sherstnev, Mikhail, 2013. "World economy, economics and economic policy: what emerges after the crisis?," MPRA Paper 49019, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:49019
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    File URL: https://mpra.ub.uni-muenchen.de/49019/1/MPRA_paper_49019.pdf
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    References listed on IDEAS

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    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 and Oxford Review of Economic Policy Limited, vol. 25(4), pages 507-552, Winter.
    5. William R. White, 2010. "Some Alternative Perspectives on Macroeconomic Theory and Some Policy Implications," IMES Discussion Paper Series 10-E-15, Institute for Monetary and Economic Studies, Bank of Japan.
    6. Griffith-Jones, Stephany & Ocampo, Jose Antonio & Stiglitz, Joseph E. (ed.), 2010. "Time for a Visible Hand: Lessons from the 2008 World Financial Crisis," OUP Catalogue, Oxford University Press, number 9780199578818.
    7. Phelps Edmund S., 2009. "Refounding Capitalism," Capitalism and Society, De Gruyter, vol. 4(3), pages 1-12, December.
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    Cited by:

    1. Eltahir Yassin, 2019. "Accommodation Versus Control Suggested Model to Macro-Economics," Economics, Sciendo, vol. 7(1), pages 95-110, June.
    2. Vunjak Nenad & Dragosavac Miloš & Vitomir Jelena & Stojanović Petra, 2020. "Central and South – Eastern Europe Banking Sectors in the Sustainable Development Function," Economics, Sciendo, vol. 8(1), pages 51-60, June.

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    More about this item

    Keywords

    Economics; economic crisis; economic policy.;
    All these keywords.

    JEL classification:

    • A11 - General Economics and Teaching - - General Economics - - - Role of Economics; Role of Economists
    • E6 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook

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