Leta i den här bloggen

2019-05-24

Economics is rightly in the midst of a re-think

It was obvious a lot had gone wrong at the time of the financial crisis; it was a professional embarrassment that the worst crash in three generations occurred not too long after economists took over in the cockpit.

And then just as significantly, a decade on from that crisis, we know that the orthodox economic model (the one that many people call "neoliberal") is leaving swathes of people in large parts of all western societies dissatisfied.
Obviously, politics and policy-makers are responding to the anger in the usual way - trying to fumble their way to something different. 
But there is something else going on as well: the whole academic discipline of economics is being re-considered: the theory as well as the policy advice.



Inga kommentarer: