The Great Recession and Heterodox Economic Thought: An Open Debate
In 2008, the United States became the epicenter of one of the greatest economic crises remembered since the Great Depression of the 1930s. The economic interpretations that were proposed to try to explain it were multiple and varied. This research presents the main contributions that have been made...
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| Tipo de recurso: | artículo |
| Estado: | Versión publicada |
| Fecha de publicación: | 2020 |
| País: | Ecuador |
| Institución: | Universidad Tecnológica Equinoccial |
| Repositorio: | Revistas Universidad Tecnológica Equinoccial |
| Idioma: | español |
| OAI Identifier: | oai:ojs.ute.edu.ec:article/1060 |
| Acceso en línea: | https://revistas.ute.edu.ec/index.php/economia-y-negocios/article/view/1060 |
| Access Level: | acceso abierto |
| Palabra clave: | Theory of crisis Heterodoxy Finance Income distribution Profit rate Neoliberalism Teoría de la crisis Finanzas Heterodoxia Distribución de la renta Tasa de ganancia Neoliberalismo |
| Sumario: | In 2008, the United States became the epicenter of one of the greatest economic crises remembered since the Great Depression of the 1930s. The economic interpretations that were proposed to try to explain it were multiple and varied. This research presents the main contributions that have been made from the different heterodox schools of economic thought, namely: Marxist, Post-Keynesian and Regulationist currents. The methodology applied for this consists of a detailed analysis of the work: Radical Economic Theories of the Current Economic Crisis (Prepared for the URPE-Occupy Summer Conference, August 2012). In this sense, this article considers that there are three types of explanations for the crisis from heterodox schools, specifically linked to: i) the behavior of the financial sector; ii) economic and social inequality; and, iii) the behavior of the productive sector. |
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