scholarly journals Economic Problems of Our Time

2021 ◽  
Vol 66 (2) ◽  
Author(s):  
Nicola Acocella
Keyword(s):  
Economic Policy ◽  
Economic Crisis ◽  
Economic History ◽  
Economic Problems ◽  
Lame Duck ◽  
The Government ◽  
New Instruments ◽  
Policy Targets

In this paper, we aim to look at the main problems which arose or aggravated in recent years, concerning the economic crisis, stagnation, inequalities, and globalisation, what we call ‘the terrible four’. These are partly old problems (and we trace them back in economic history), but they have become more profound in the last decades. Notwithstanding the fantasy of economists that has led to suggest the possibility to make use of new instruments of economic policy, some of them are politically constrained, which implies the impossibility for the Government to reach its economic policy targets. In fact, if the number of instruments is less than that of targets, the Government becomes a ‘lame duck’.

scholarly journals ON THE REFLECTION OF CORONOMICS IN ECONOMIC SCIENCE AND ECONOMIC POLICY

2020 ◽  
pp. 15-24
Author(s):  
VLADIMER PAPAVA
Keyword(s):  
Economic Policy ◽  
Food Security ◽  
Economic Crisis ◽  
Inflation Targeting ◽  
Economic Incentives ◽  
Economic Security ◽  
Economic Science ◽  
Individual Country ◽  
Crisis Period ◽  
The Government

The paper discusses the economic issues of the COVID-19 pandemic. The resulting coronomic crisis is not a typical economic crisis since the coronomic crisis was not formed in the economy itself but is the result of the inability of medicine to solve the pandemic problem. The coronomic crisis is, by its very nature, an atypical economic crisis and is fundamentally different from other atypical economic crises that took place in the XX century. The coronomic crisis put the issue of the “crisis of globalization” on the agenda. The coronomic crisis exposed the weaknesses of globalization. Overcoming the COVID-19 pandemic is possible exclusively at the global level. The paper shows that the current process of de-globalization is “forced” by its nature and it will definitely be replaced by a qualitatively renewed process of globalization. Economic recovery from the corona crisis will be most successful only on the basis of the adherence to a free trade regime. In economic science, the problem of government intervention in the economy, especially during the pandemic and the post-pandemic period, is still relevant. The corona crisis has clearly confirmed the inability of inflation targeting to achieve macroeconomic stability. The coronomic crisis requires two approaches to economic policy. In particular, we mean an anti-crisis economic policy and a post-crisis economic policy. Economic incentives provided by the government to businesses contribute to the zombieing of the economy which will be one of the most difficult problems of the post-crisis period. The coronomic crisis made the issue of the economic security of each individual country even more urgent. The problem of ensuring food security is equally important. The economic policy of the post-crisis period must necessarily include measures to ensure a country’s food security. Since the possibility of a repetition of a pandemic in the future is similar to the current one, the problems of coronomics should remain in the field of study of economists for many years.

scholarly journals Sejarah Pemikiran Ekonomi Islam Pada Masa Daulah Bani Umayyah dan Bani Abbasiyah

2021 ◽  
Vol 1 (2) ◽  
pp. 135-148
Author(s):  
Muhammad Nurul Huda
Keyword(s):  
Economic Policy ◽  
Economic History ◽  
Economic Activities ◽  
Research Results ◽  
Economic Problems ◽  
Historical Method ◽  
The Past ◽  
Long Time

This article is the result of an analysis of economic history in the past which is to answer economic problems during the Umayyad and Abasiyyah Daulah,economic activities carried out during the Daulah Bani Umayyah and BaniAbasiyyah. This research uses the Historical Method by using secondarysources originating from December. which literature has been previouslyreviewed and analyzed. While in the approach the writer uses a historicalapproach. This approach is used by the author in order to reveal the economicproblems of the Umayyad and Abasiyyah Bani. From the research results, itcan be seen that the development of Islamic economics in the Umayyad andAbbasid dynasties was an economic policy formed based on the ijtihad of thefuqoha and ulama as a consequence of the increasingly distant time spanbetween the Prophet's life and the reign. The abbasiyah caliph or the dynasty ofthe children of the abbot, as said to continue the rule of the Umayyad dynasty.His power lasted a long time. During the Abbasiyah dynasty in power wherethe patterns of government applied varied according to political, social andcultural changes. Keywords: Economy, Caliph, Islam

The Macroeconomics of Margaret Thatcher

2002 ◽  
Vol 24 (3) ◽  
pp. 313-334 ◽  
Author(s):  
Roger E. Backhouse
Keyword(s):  
Economic History ◽  
The Political ◽  
Quantity Theory ◽  
Economic Problems ◽  
Academic Literature ◽  
Margaret Thatcher ◽  
History Of ◽  
The Government ◽  
The Way

The government of Margaret Thatcher forms a revealing case study of how economic ideas become entwined with the political and economic history of any country where attempts are made to apply them. As each of the papers in this symposium points out, Thatcher and her government became inextricably associated with “monetarism.” They were influenced by a range of economists, including Milton Friedman and Friedrich Hayek, but the policies that went under the label of monetarism ended up being very different from what one would expect from reading the academic literature on monetarism. Though it shared important features, Monetarism came to mean something very diferent from, for example, Friedman's quantity theory. More significantly, the meaning of monetarism and the way it was applied changed signi cantly during the government's period in office. Many of these changes were in response to specific economic problems that the government was forced to confront. To understand the way economic ideas developed, and why monetarism was interpreted in the way it was, therefore, it is important to understand the macroeconomic history of the period. That is the purpose of this paper.

Chile under the Government of Sebastián Piñera

2014 ◽  
pp. 230-249
Author(s):  
Dorota Czyżyk
Keyword(s):  
Economic Policy ◽  
Economic History ◽  
Presidential Elections ◽  
Political History ◽  
Current Situation ◽  
The Political ◽  
Scientific Journals ◽  
Press Releases ◽  
History Of ◽  
The Government

The purpose of this chapter is to present the presidency of Sebastián Piñera with an emphasis on his economic policy and development plan for Chile. The chapter begins with an analysis of the 2010 presidential elections and the profile of the latest Chilean president. The chapter also presents the economic and political history of the country since Salvador Allende's rise to power in 1970 through the Pinochet regime and the government of Concertación por la Democracia. Furthermore, the milestone events of the presidency of Piñera are identified and their influence on the approval of the presidents is evaluated. The study conducted in this chapter was based on the analysis of books and scientific journals that dealt with the political and economic history of Chile. The current situation of the country was analyzed on the basis of academic articles as well as press releases and reports.

Politics deepen economic crisis in Venezuela

2016 ◽  
Keyword(s):  
Economic Policy ◽  
Economic Crisis ◽  
Security Council ◽  
Voting Rights ◽  
Political Theatre ◽  
Content Type ◽  
National Assembly ◽  
Economic Collapse ◽  
The Government ◽  
Oil Company

Subject The looming economic debacle. Significance The government's proposed assumption of emergency economic powers -- presented to the National Assembly on January 15 -- was rejected a week later by the new opposition-dominated Assembly by 107 votes to 53. Expectations of constitutional conflict and gridlock persist despite the severity of the economic crisis. State oil company PDVSA and the government are expected to make 6.4 billion dollars in debt payments due in February, but Venezuela has had its UN voting rights suspended for falling behind on payments, just weeks before it is due to assume the presidency of the Security Council. Impacts The executive's proposed economic policy authority contains measures that will compound rather than address policy mismanagement. Opposition initiatives formulated in the Assembly to reverse economic collapse will be struck down by the executive and judiciary. Political theatre and paralysis will exacerbate public frustration with the lack of response to deteriorating economic circumstances.

scholarly journals Quantum economics

2011 ◽  
Vol 58 (2) ◽  
pp. 267-276 ◽  
Author(s):  
Veselin Vukotic
Keyword(s):  
Economic Theory ◽  
Economic Policy ◽  
Economic Crisis ◽  
Global Market ◽  
National State ◽  
Economic Problems ◽  
Economic Paradigm ◽  
Global Economic Crisis ◽  
Development Of Economic Theory ◽  
National Governments

The globalization is breaking-down the idea of national state, which was the base for the development of economic theory which is dominant today. Global economic crisis puts emphasis on limited possibilities of national governments in solving economic problems and general problems of society. Does it also mean that globalization and global economic crisis points out the need to think about new economic theory and new understanding of economics? In this paper I will argue that globalization reveals the need to change dominant economic paradigm - from traditional economic theory (mainstream) with macroeconomic stability as the goal of economic policy, to the ?quantum economics?, which is based on ?economic quantum? and immanent to the increase of wealth (material and non-material) of every individual in society and promoting set of values immanent to the wealth increase as the goal of economic policy. Practically the question is how we can use global market for our development!

Overcoming Stereotypes

2008 ◽  
pp. 110-120 ◽  
Author(s):  
A. Yakovlev
Keyword(s):  
Financial Crisis ◽  
Global Financial Crisis ◽  
Pragmatic Approach ◽  
Economic Problems ◽  
Conventional View ◽  
The Government ◽  
High Uncertainty

Using the data of SU-HSU enterprises surveys and internal statistics of KPMG company the paper provides a non-conventional view on three economic problems which have recently been in the center of expert discussions in Russia: competitiveness of firms, corruption in the government and level of taxation. The paper argues the necessity of pragmatic approach to economic phenomena, especially under conditions of high uncertainty caused by the increasing global financial crisis.

Psychology of the Market and Economic Power (On Psychological Approach of Alan Greenspan to the Analysis of Economic Problems)

2011 ◽  
pp. 99-118
Author(s):  
Yu. Olsevich
Keyword(s):  
Economic Policy ◽  
Institutional Transformation ◽  
The Other ◽  
Economic Power ◽  
Psychological Approach ◽  
Market System ◽  
Economic Problems ◽  
Systemic Crisis ◽  
Micro Level ◽  
The One

The article analyzes the psychological basis of the theory and economic policy of libertarianism, as contained in the book by A. Greenspan "The Age of Turbulence", clarifies the strengths and weaknesses of this doctrine that led to its discredit in 2008. It presents a new understanding of liberalization in 1980-1990s as a process of institutional transformation at the micro and meso levels, implemented by politicians and entrepreneurs with predatory and opportunistic mentality. That process caused, on the one hand, the acceleration of growth, on the other hand - the erosion of informal foundations of a market system. With psychology and ideology of libertarianism, it is impossible to perceive real macro risks generated at the micro level, which lead to a systemic crisis, and to develop measures to prevent it.

Coronavirus economic crisis in the world economy: features and consequences

2020 ◽  
pp. 7-21
Author(s):  
R. Khasbulatov ◽  
A. Byasharova
Keyword(s):  
Economic Crisis ◽  
World Economy ◽  
The World ◽  
The Government

The article reveals the features of a qualitatively new global coronavirus-economic crisis as well as its dangerous consequences for all countries with no exceptions. Not one single country stays aloof from this crisis. The reaction of the government, their mitigation activities is also discussed in the article.

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