Institutional practice and the inadequacy of orthodox macroeconomics: a challenge for pluralism?

Title: Institutional practice and the inadequacy of orthodox macroeconomics: a challenge for pluralism?
Creator: Juniper, James; Nadolny, Andrew; Pantelopoulos, George; Watts, Martin
Relation: Contemporary Issues in Heterodox Economics: Implications for Theory and Policy Action p. 259-274
Publisher Link: http://dx.doi.org/10.4324/9780429346415
Publisher: Routledge
Resource Type: book chapter
Date: 2021
Description: Macroeconomics has long been a contested area of economics, with a number of distinct schools of thought including monetarism, new Keynesianism, post Keynesianism and Marxism. However, with the dominance of orthodox macroeconomic thinking and increasing career pressures associated with the need to publish in leading orthodox journals, many university teachers have become reliant on a number of orthodox macroeconomics textbooks that have extensive resources for both instructors and students, which enable assessment to be conducted efficiently, if not effectively. Yet, despite the conceptual, theoretical and policy questions which arose from the global financial crisis (GFC), some of the leading introductory textbooks have continued to cling to orthodox principles and policies at the cost of clarity and coherence.
Subject: macroeconomics; economics; institutional practice; modern money theory
Identifier: http://hdl.handle.net/1959.13/1439541
Identifier: uon:40956
Identifier: ISBN:9780367365042
Language: eng

		Thumbnail	File	Description	Size	Format