What are the debates about the effectiveness and limitations of different macroeconomic policy tools?

A defender of traditional economic analysis could argue that these examples are compatible with mainstream theory. Economists have long recognised the ... The attempt to isolate economics from other disciplines - notably politics, history, philosophy, finance, constitutional theory and sociology - has fatally ... Of course, contemporary political economy2 (or what is sometimes called 'heterodox economics'3) continues the interdisciplinary orientation of classical ... Sep 17, 2014 ... Economists view contemporary Austrians a little like scientists view creationists. While most Economists (despite what Austrians will tell you) are not ... Mainstream economic theory is based on the rationality assumption: thatpeople act as best they can to promote their interests. In contrast,behavioural ... The mainstream economic approach is doggedly nonjudgmental about people's preferences: what the individual wants is presumed to be good for that individual. Bitcoin: What Does Mainstream Economics Have to Say? In his working paper, produced originally with the American Institute for Economic Research, BPI Senior ... Nov 18, 2023 ... 'Productivism' is a new approach to economic policy that prioritizes the dissemination of productive economic opportunities throughout all regions of the ... Nov 15, 2023 ... The near-consensus among mainstream economists in recent years was that inflation would persist – and even accelerate – and that this justified substantial ... ABSTRACT. This article argues that economics is currently undergoing a fundamental shift in its method, away from neoclassical economics and into something ...