IDEAS home Printed from https://ideas.repec.org/a/ids/ijplur/v3y2012i1p8-22.html
   My bibliography  Save this article

Policy responses to economic and financial crises: insights from heterodox economics and psychoanalysis

Author

Listed:
  • Arturo Hermann

Abstract

In this paper, we address several aspects of the present economic and social crisis from an interdisciplinary perspective. We focus attention on Institutional and Keynesian economics and on the role of public spending and credit creation in the formation of private sector aggregate profit. Contrary to 'market fundamentalism' this paper suggests that public intervention, in its various forms, constitutes a crucial factor for ensuring the development of today's economies and that attempts to reduce public spending at any cost are unlikely to solve our economic and social problems. Rather, a more effective process of participation and policy coordination is needed which involves a better use of public spending, and is less focused on the agenda of interest groups and more on society's needs. Finally, this paper discusses the contribution of psychoanalysis in building a policy roadmap for the solutions of today's most urgent economic and social problems.

Suggested Citation

  • Arturo Hermann, 2012. "Policy responses to economic and financial crises: insights from heterodox economics and psychoanalysis," International Journal of Pluralism and Economics Education, Inderscience Enterprises Ltd, vol. 3(1), pages 8-22.
    • Handle: RePEc:ids:ijplur:v:3:y:2012:i:1:p:8-22
    as

    Download full text from publisher

    File URL: http://www.inderscience.com/link.php?id=47477
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to

    for a different version of it.

    References listed on IDEAS

    as
    1. Commons, John R., 1913. "Labor and Administration," History of Economic Thought Books, McMaster University Archive for the History of Economic Thought, number commons1913.
    2. Geoffrey M. Hodgson & Warren J. Samuels & Marc R. Tool (ed.), 1994. "The Elgar Companion to Institutional and Evolutionary Economics," Books, Edward Elgar Publishing, volume 0, number 228.
    3. Arturo Hermann, 2008. "The institutional analysis of the market," International Journal of Green Economics, Inderscience Enterprises Ltd, vol. 2(4), pages 379-391.
    4. Arturo Hermann, 2010. "Institutionalism and psychoanalysis: a basis for interdisciplinary cooperation," International Journal of Pluralism and Economics Education, Inderscience Enterprises Ltd, vol. 1(4), pages 372-387.
    5. Philip Arestis & Malcolm Sawyer, 2010. "What Monetary Policy after the Crisis?," Review of Political Economy, Taylor & Francis Journals, vol. 22(4), pages 499-515.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Yefimov, Vladimir, 2009. "Comparative historical institutional analysis of German, English and American economics," MPRA Paper 48173, University Library of Munich, Germany.
    2. repec:mje:mjejnl:v:12:y:2017:i:2:p:25-70 is not listed on IDEAS
    3. Gordon Burt, 1997. "Cultural Convergence in Historical Cultural Space-Time," Journal of Cultural Economics, Springer;The Association for Cultural Economics International, vol. 21(4), pages 291-305, December.
    4. Mauricio G. Villena & Marcelo J. Villena, 2004. "Evolutionary Game Theory and Thorstein Veblen’s Evolutionary Economics: Is EGT Veblenian?," Journal of Economic Issues, Taylor & Francis Journals, vol. 38(3), pages 585-610, September.
    5. Arturo Hermann, 2016. "The Studies in Social Economics of Léon Walras and his far-reaching critique of laissez faire," International Journal of Pluralism and Economics Education, Inderscience Enterprises Ltd, vol. 7(1), pages 59-76.
    6. Pirozzi Maria Grazia & Agliata Francesco & Tuccillo Danilo & Pirozzi Francesco, 2021. "Defining the Integrated Performance Measurement Systems in Small and Medium Enterprises: An Advanced Model," International Journal of Business and Management, Canadian Center of Science and Education, vol. 14(12), pages 203-203, July.
    7. Beckenbach, Frank, 2019. "Monism in modern science: The case of (micro-)economics," Working Paper Serie des Instituts für Ökonomie Ök-49, Hochschule für Gesellschaftsgestaltung (HfGG), Institut für Ökonomie.
    8. Richard A. Gonce, 2006. "John R. Commons’ Successful Plan for Constitutional, Effective Labor Legislation," Journal of Economic Issues, Taylor & Francis Journals, vol. 40(4), pages 1045-1067, December.
    9. Forand, Jean Guillaume, 2019. "Civil service and the growth of government," Journal of Public Economics, Elsevier, vol. 177(C), pages 1-1.
    10. Gillian Hewitson, 2001. "A Survey of Feminist Economics," Working Papers 2001.01, School of Economics, La Trobe University.
    11. Vladiir Yefimov, 2015. "Two Disputes Of Methods, Three Constructivisms, And Three Liberalisms. Part I," Economy of region, Centre for Economic Security, Institute of Economics of Ural Branch of Russian Academy of Sciences, vol. 1(1), pages 29-38.
    12. A.Allan Schmid, 2004. "The Spartan School Of Institutional Economics At Michigan State University," Research in the History of Economic Thought and Methodology, in: Wisconsin "Government and Business" and the History of Heterodox Economic Thought, pages 207-243, Emerald Group Publishing Limited.
    13. Yefimov, V. M., 2015. "Two Disputes of Methods Three Constructivisms and Three Liberalisms. Part I," R-Economy, Ural Federal University, Graduate School of Economics and Management, vol. 1(1), pages 24-33.
    14. repec:dgr:rugsom:96c01 is not listed on IDEAS
    15. John Henneberry & Claire Roberts, 2008. "Calculated Inequality? Portfolio Benchmarking and Regional Office Property Investment in the UK," Urban Studies, Urban Studies Journal Limited, vol. 45(5-6), pages 1217-1241, May.
    16. Bruce E. Kaufman, 2003. "John R. Commons and the Wisconsin School on Industrial Relations Strategy and Policy," ILR Review, Cornell University, ILR School, vol. 57(1), pages 3-30, October.
    17. Tae-Hee Jo, 2021. "Veblen’s evolutionary methodology and its implications for heterodox economics in the calculable future," Review of Evolutionary Political Economy, Springer, vol. 2(2), pages 277-295, July.
    18. Stephen Merrett, 1999. "The Political Economy of Water Abstraction Charges," Review of Political Economy, Taylor & Francis Journals, vol. 11(4), pages 431-442.
    19. Eduardo Fernández-Huerga & Ana Pardo & Ana Salvador, 2023. "Compatibility and complementarity between institutional and post-Keynesian economics: a literature review with a particular focus on methodology," Economia Politica: Journal of Analytical and Institutional Economics, Springer;Fondazione Edison, vol. 40(2), pages 413-443, July.
    20. Elsner, Wolfram, 2015. "Policy Implications of Economic Complexity and Complexity Economics," MPRA Paper 63252, University Library of Munich, Germany.
    21. Stefanović Zoran, 2014. "Evolution Of “Rules Of The Game”, Macroeconomic Dynamics And Reform Policy," Economic Themes, Sciendo, vol. 52(4), pages 480-497, December.
    22. Xiaoqing Li & Yu Zheng & Catherine L. Wang, 2016. "Inter-firm collaboration in new product development in Chinese pharmaceutical companies," Asia Pacific Journal of Management, Springer, vol. 33(1), pages 165-193, March.

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;

    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:ids:ijplur:v:3:y:2012:i:1:p:8-22. 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.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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: Sarah Parker (email available below). General contact details of provider: http://www.inderscience.com/browse/index.php?journalID=319 .

    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.