Economic Theory ten years after the crisis: Just tweaking around the edges? and/or A bit of repair at the seams?

Vassilis Droucopoulos ()
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Vassilis Droucopoulos: Emeritus Professor of the Department of Economics of the University of Athens.

No 2001, Working Papers from Greek Scientific Association of Political Economy - GAPE

Abstract: It is my intention to address, primarily within the scope of mainstream macroeconomic theory, three of the questions making up the main theme of the conference, namely: How a very problematic theory continues to survive and dominate both the policy and the academic scene. What are the processes in the economy and the society that sustain its dominance? What is the condition of the economic Orthodoxy (particularly under its current form of the New Macroeconomic Consensus, that is the hybrid of mild neoliberalism with conservative New Keynesianism)? A good many orthodox economists hold the view that there is no necessity for a paradigm shift. On the contrary, a mere evolution towards a more pluralistic discipline would suffice. Hence the title of my talk.

Keywords: Economic Pluralism; Macroeconomic Theory (search for similar items in EconPapers)
JEL-codes: A20 B40 B50 (search for similar items in EconPapers)
Pages: 15 pages
Date: 2018-12, Revised 2018-12
New Economics Papers: this item is included in nep-hme, nep-hpe and nep-pke
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https://poleconom.files.wordpress.com/2018/12/DP-2018-1-Droucopoulos.pdf First version, 2018 (application/pdf)
http://poleconom.uth.gr/RePEc/abe/wpaper/DP-2018-1-Droucopoulos.pdf Revised version, 2018 (application/pdf)

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Persistent link: https://EconPapers.repec.org/RePEc:abe:wpaper:2001

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