The Global Crisis: The Need for a New Economic Policy Cover Image

Globalny kryzys: potrzeba nowej polityki gospodarczej
The Global Crisis: The Need for a New Economic Policy

Author(s): Jerzy Hausner
Subject(s): Politics, Supranational / Global Economy, Economic policy, Government/Political systems, Policy, planning, forecast and speculation
Published by: Instytut Nauk Ekonomicznych Polskiej Akademii Nauk
Keywords: economic policy; state interventionism; economic crisis;

Summary/Abstract: The global economic crisis has led to a revision of a number of tenets of the neo-classical economic theory. Many heterodox elements are gradually becoming part of mainstream economics. At the same time, economic theories are drawing more extensively on the achievements of other social sciences. So far, this revision in the area of theory has had few implications for economic policy. If something new emerges here, then it is typically done by recycling old and practically obsolescent concepts, with a good example being the “new industrial policy.” The objective of the present paper is to discuss the foundations of economic policy in the context of current theoretical developments and economic challenges.

  • Issue Year: 2014
  • Issue No: 2
  • Page Range: 249-274
  • Page Count: 26
  • Language: Polish
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