POST-MACROECONOMICS: LESSONS FROM THE CRISIS AND STRATEGIC DIRECTIONS AHEAD

Célestin Monga ()
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Célestin Monga: World Bank, 1818 H street, NW Washington DC, 20433, USA

Journal of International Commerce, Economics and Policy (JICEP), 2011, vol. 02, issue 02, 277-304

Abstract: The global crisis has not invalidated everything about macroeconomics. However, it has highlighted some of mistakes of the discipline's dominant intellectual framework. Post-macroeconomic thinking recommended in this paper should not be understood as anothermetanarrativeof the end ofmetanarratives. The use of the prefixposthere suggests and emphasises much more than temporal posterity. Post-macroeconomics should followfrommacroeconomics more than it followsaftermacroeconomics. The theorising of post-macroeconomics is therefore neither systematically oppositional, nor hegemonic. It does not advocate a "dialectic opposition" between macroeconomics and post-macroeconomics. Rather, it suggests that the latter builds on the former and goes beyond it.

Keywords: Macroeconomics; post-macroeconomics; crisis; Keynesianism; securitisation; leveraging; metanarrative; A120; E610; O410 (search for similar items in EconPapers)
Date: 2011
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Citations: View citations in EconPapers (2)

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DOI: 10.1142/S1793993311000312

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