Munich Personal RePEc Archive

Dopo il keynesismo: teorie economiche per una (non-) politica economica

Russo, Alberto (2017): Dopo il keynesismo: teorie economiche per una (non-) politica economica. Published in: Scienza & Politica , Vol. XXIX, No. 57 (18 December 2017): pp. 85-103.

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Abstract

This paper presents a brief discussion on the evolution of macroeconomics and economic policy after Keynes. Particularly, we describe the emergence of a new standard of economic research, after the «stagflation» of the 1970s, which resurrects the (pre-Keynesian) confidence in the self-correcting properties of the market economy. It also considers economic policy as a potential obstacle for the economic system in reaching the «natural» equilibrium. Finally, some perspectives for macroeconomics in the aftermath of the Great Recession are discussed.

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