1945

A time to reflect on opportunities for debate and dialogue between (neo)structuralism and heterodox schools of thought

In keeping with some of the most recent thinking on the subject, this study establishes that the global financial crisis of 2007-2009 has dealt a blow to the methods used to manage the macroeconomy under the so-called “new consensus” (Blanchard, Dell’Ariccia and Mauro, 2013, p. 3). It also argues that this claim can easily be applied to the period of the Great Moderation (1980-2006) and extended to the whole of mainstream economics, of which the new consensus is merely the latest expression.

Related Subject(s): Economic and Social Development
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