 Economic Slowdowns: Fundamentals Overshadowed by Structural and Policy ProblemsMPRA Paper from University Library of Munich, Germany 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. Keywords: Economic slowdown; Political Bearers; Governance; Psychological; Social; Infrastructure; technical (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:96754 Access Statistics for this paper More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC. |
Is your work missing from RePEc? Here is how to contribute.
Questions or problems? Check the EconPapers FAQ or send mail to econpapers@oru.se.
EconPapers is hosted by the
School of Business at Örebro University.