Abstract
Standard histories of economics identify the 1970s as the decade of crisis for the distinctively Keynesian aspect of the Samuelsonian synthesis described in the previous chapter. This is often coupled with an emphasis on a shift in applied economics — that is to say, in policy analysis — from confidence in the economic management capacity of the state to a ‘neoliberal’ re-emphasis on the wealth-generating power of lightly regulated markets.
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© 2014 Don Ross
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Ross, D. (2014). The Expansion of the Economic Toolbox. In: Philosophy of Economics. Palgrave Philosophy Today. Palgrave Macmillan, London. https://doi.org/10.1057/9781137318756_3
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DOI: https://doi.org/10.1057/9781137318756_3
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-0-230-30297-6
Online ISBN: 978-1-137-31875-6
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