What can Learn the Economic Science and Economic Policy form the Global Economic Crisis Generated by the Pandemia? Cover Image

Megújulás vagy amnézia? Mit tanulhat a közgazdaságtudomány és a gazdaságpolitika a pandémia által előidézett globális gazdasági válságból?
What can Learn the Economic Science and Economic Policy form the Global Economic Crisis Generated by the Pandemia?

Author(s): György Kocziszky
Subject(s): Supranational / Global Economy, Economic policy, Political economy, Health and medicine and law, Economic development
Published by: Presa Universitara Clujeana
Keywords: crisis; economic thinking; economic policy; pandemic; sustainability;

Summary/Abstract: Mynard Keynes’s The General Theory of Employment, Interest and Money published in 1936, highlighted that the deep, global financial and economic crises have a profound effect on economic thinking and the economic policy-makers. The sage learns from this, and the fool recovers back to his previous flawed theories and practices. Today, it is also clear that the shocks that trigger these crises are living with us, breaking the growth trends of the economy from time to time, which raises again and again the question, what economics and economic policy practitioners have learned, and can learn from it, or the short-term economic policy interest overcomes the adjustments after the corrections? In his study, the author checks the effects of the recent global exogenous crisis caused by the pandemic and the desirable correction methods, without which the consequences of the current crisis may be protracted.

  • Issue Year: 18/2020
  • Issue No: 02
  • Page Range: 9-18
  • Page Count: 10
  • Language: Hungarian