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Themes in an institutionalist theory of economic policy

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  • Paolo Ramazzotti

    (University of Macerata)

Abstract

The paper discusses the ends and scope of economic policy from an evolutionary and institutionalist perspective. I focus on how complexity and di erent types of coordination characterize the economy we live in. I then discuss how public coordination and change can be conceived of. I point out that the means to adequately deal with economic complexity depend on which social priorities prevail and on how the economy is conceptually framed in relation to those priorities. This requires the combined formulation of moral and cognitive value judgments and the non-separability of economic theory from the ends of economic policy.

Suggested Citation

  • Paolo Ramazzotti, 2016. "Themes in an institutionalist theory of economic policy," Working Papers 81-2016, Macerata University, Department of Finance and Economic Sciences, revised May 2016.
  • Handle: RePEc:mcr:wpdief:wpaper00081
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    References listed on IDEAS

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