What is the role of government spending and taxation in mainstream economics?

A defender of traditional economic analysis could argue that these examples are compatible with mainstream theory. Economists have long recognised the ... Sep 14, 2016 ... In my view, mainstream economists overlook or forget about the role inequality plays, especially in macroeconomic events, for two major reasons. Sep 17, 2014 ... Economists view contemporary Austrians a little like scientists view creationists. While most Economists (despite what Austrians will tell you) are not ... We discuss a selection of paradoxes and delusions surrounding mainstream economic theories related to: (1) efficiency and resource use, (2) wealth and ... Jan 12, 2023 ... Some new research findings, I left wondering whether mainstream economists, as a group, are out‐ of‐ touch. ABSTRACT. This article argues that economics is currently undergoing a fundamental shift in its method, away from neoclassical economics and into something ... Jul 14, 2020 ... Modern Monetary Theory (MMT) has been on the fringes of economic discussion for a decade or more, but it has recently moved from the periphery to become part ... May 27, 2019 ... We propose a synthesis according to which people indeed act by rules, which usually work well, but may work poorly in exceptional or contrived scenarios. Found an error or omission? Volunteers. Opportunities to help RePEc · Get papers listed. Have your research listed on RePEc · Open a RePEc archive. Have your ... Mainstream economic theory is based on the rationality assumption: thatpeople act as best they can to promote their interests. In contrast,behavioural ...