Gattopardo Economics (Palley)

Gattoperdo economics: The crisis and the mainstream response of change that keeps things the same by Thomas I. Palley published by MK (4/2013) “…This paper explores gattopardo economics as it applies to the issues of the macro-economics of income distribution; the global financial imbalances; and inflation policy. Gattopardo economics adopts ideas developed by critics of mainstream economics, but it does so in a way that ignores the thrust of the original critique and leaves mainstream analysis unchanged. Gattopardo economics makes change more difficult because it deceives people into thinking change has taken place. By masquerading as change, it crowds-out space for real change. That makes exposing gattopardo economics a matter of vital importance.”