The Instability of Market Economies
The modern approach to macroeconomic fluctuations considers that the economy is fundamentally stable, and fluctuates around a stationary state because of exogenous shocks. This article presents some thoughts and avenues of research for a different approach in which the decentralised market economy m...
保存先:
| 第一著者: | |
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| フォーマット: | Article ou chapitre numérique |
| 言語: | Français |
| 出版事項: |
2019
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| 主題: | |
| オンライン･アクセス: | Accès Université d'Orléans et IFPM Accès Université d'Orléans et IFPM |
| 要約: | The modern approach to macroeconomic fluctuations considers that the economy is fundamentally stable, and fluctuates around a stationary state because of exogenous shocks. This article presents some thoughts and avenues of research for a different approach in which the decentralised market economy may prove to be fundamentally unstable and thus fluctuates both endogenously and exogenously. This has implications for the conduct of macroeconomic stabilisation policies. |
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