IDEAS home Printed from https://ideas.repec.org/p/pra/mprapa/96754.html
   My bibliography  Save this paper

Economic Slowdowns: Fundamentals Overshadowed by Structural and Policy Problems

Author

Listed:
  • Sapovadia, Vrajlal

Abstract

Whenever recession looms around, experts start blaming policy paralysis, wrong policies, policy implementation and vision of the government. Policy makers, their advisers and economist will think around narrow technical aspects of ‘economics’. Economists will talk about structural problems. Hardly someone goes beyond investment, demand, supply, saving, inflation and bank rates. This paper breaks on the basics. We try to dissect fundamentals of the economy. The variables of economy like investment, demand, supply, saving, inflation and bank rates are man-made. The government attempts to control economy by fixing bank rates, tax rates, financial incentives and so forth. Policy makers ignore the psychological and social factors that influence the economy. The paradigm shift in thinking is required to see beyond narrow definition and elements of ‘economics’. It must understood that economics and it’s so called elements are not in isolation. Those elements are not well understood like Mendeleev's table of elements. Elements of economics are required to seen in bedrock of personal, social, technology and political issues.

Suggested Citation

  • Sapovadia, Vrajlal, 2019. "Economic Slowdowns: Fundamentals Overshadowed by Structural and Policy Problems," MPRA Paper 96754, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:96754
    as

    Download full text from publisher

    File URL: https://mpra.ub.uni-muenchen.de/96754/1/MPRA_paper_96754.pdf
    File Function: original version
    Download Restriction: no

    More about this item

    Keywords

    Economic slowdown; Political Bearers; Governance; Psychological; Social; Infrastructure; technical;

    JEL classification:

    • A10 - General Economics and Teaching - - General Economics - - - General
    • P0 - Economic Systems - - General

    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:pra:mprapa:96754. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Joachim Winter). General contact details of provider: http://edirc.repec.org/data/vfmunde.html .

    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 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.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.