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POST-MACROECONOMICS: LESSONS FROM THE CRISIS AND STRATEGIC DIRECTIONS AHEAD

POST-MACROECONOMICS: LESSONS FROM THE CRISIS AND STRATEGIC DIRECTIONS AHEAD The global crisis has not invalidated everything about macroeconomics. However, it has highlighted some of mistakes of the discipline's dominant intellectual framework. Post-macroeconomic thinking recommended in this paper should not be understood as another metanarrative of the end of metanarratives. The use of the prefix post here suggests and emphasises much more than temporal posterity. Post-macroeconomics should follow from macroeconomics more than it follows after macroeconomics. The theorising of post-macroeconomics is therefore neither systematically oppositional, nor hegemonic. It does not advocate a "dialectic opposition" between macroeconomics and post-macroeconomics. Rather, it suggests that the latter builds on the former and goes beyond it. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of International Commerce, Economics and Policy World Scientific Publishing Company

POST-MACROECONOMICS: LESSONS FROM THE CRISIS AND STRATEGIC DIRECTIONS AHEAD

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Publisher
World Scientific Publishing Company
Copyright
Copyright ©
ISSN
1793-9933
eISSN
1793-9941
DOI
10.1142/S1793993311000312
Publisher site
See Article on Publisher Site

Abstract

The global crisis has not invalidated everything about macroeconomics. However, it has highlighted some of mistakes of the discipline's dominant intellectual framework. Post-macroeconomic thinking recommended in this paper should not be understood as another metanarrative of the end of metanarratives. The use of the prefix post here suggests and emphasises much more than temporal posterity. Post-macroeconomics should follow from macroeconomics more than it follows after macroeconomics. The theorising of post-macroeconomics is therefore neither systematically oppositional, nor hegemonic. It does not advocate a "dialectic opposition" between macroeconomics and post-macroeconomics. Rather, it suggests that the latter builds on the former and goes beyond it.

Journal

Journal of International Commerce, Economics and PolicyWorld Scientific Publishing Company

Published: Dec 1, 2011

Keywords: Macroeconomics post-macroeconomics crisis Keynesianism securitisation leveraging metanarrative

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